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oil prices

Daily Market Analysis 03/11/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.63 with take profit at 83.86 Bearish Preference: Sell position is envisaged if price trades below 82.87 with take profit at 82.68 Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and …

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Daily Market Analysis 02/11/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 85.26 with take profit at 85.43 Bearish Preference: Sell position is envisaged if price trades below 84.75 with take profit at 84.59 Fundamentals:No major fundamental Comment: Oil prices rose on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, …

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Daily Market Analysis 01/11/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.80 with take profit at 83.92 Bearish Preference: Sell position is envisaged if price trades below 83.40 with take profit at 83.26 Fundamentals:No major fundamental Comment: Over the past few weeks, oil prices have continued to proceed along a upward trajectory as commodity shortages remain …

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Daily Market Analysis 28/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.45 with take profit at 83.66 Bearish Preference: Sell position is envisaged if price trades below 82.91 with take profit at 82.74 Fundamentals:None with high impact on this commodity. Comment: Outbreaks of coronavirus infections in China and record deaths and the threat of lockdowns in …

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Daily Market Analysis 27/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 84.95 with take profit at 85.12. Bearish Preference: Sell position is envisaged if price trades below 84.44 with take profit at 84.23. Fundamentals:3:30pm USD Crude Oil Inventories. Comment: Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and …

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Daily Market Analysis 18/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 85.73 with take profit at 86.10. Bearish Preference: Sell position is envisaged if price trades below 84.93 with take profit at 84.65 Fundamentals:No major fundamental Comment: Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more …

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Daily Market Analysis 15/10/2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 84.96 with take profit at 85.15 Bearish Preference: Sell position is envisaged if price trades below 84.52 with take profit at 84.34 Fundamentals:No Major Fundamental Comment: Oil prices climbed on Friday, heading for gains of more than 3% for the week, on increasing signs of …

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Daily Market Analysis 13/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.09  with take profit at 83.36 Bearish Preference: Sell position is envisaged if price trades below 82.52 with take profit at 82.28 Fundamentals:None with high impact on the commodity. Comment: Oil prices lost some froth on the inflation concerns although surging prices for power generation fuel …

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Daily Market Analysis 07/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 80.24 with take profit at 80.55 Bearish Preference: Sell position is envisaged if price trades below 78.68 with take profit at 78.35 Fundamentals:No Major Fundamental Comment: Oil prices dropped for a second session on Thursday, under pressure from an unexpected rise in U.S. crude stocks …

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Daily Market Analysis 05/10/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.26060 with take profit at 1.26178. Bearish Preference: A Sell position is envisaged if price trades below price 1.25756 with take profit at 1.25636. Fundamentals:3:00pm USD ISM Services PMI6:15pm USD FOMC Member Quarles Speaks Comment: The pair struggled to capitalize on its early positive move and …

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