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oil prices

Daily Market Analysis 02.08.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 100.40 with take profit at 100.83 Bearish Preference: Sell position is envisaged if price trades  below 98.34 with take profit at 97.88 Fundamentals:No major fundamental Comment: Oil prices edged lower on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global …

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Daily Market Analysis 01.08.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 103.80 with take Profit at 104.33 Bearish Preference: Sell position is envisaged if price trades  below 102.45 with take Profit at 101.81 Fundamentals:No major fundamentals Comment:Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while …

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Daily Market Analysis 28.07.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 105.19 with take profit at 106.49 Bearish Preference: Sell position is envisaged if price trades  below 102.77 with take profit at 101.46 Fundamentals:1:30pm USD  Advance GDP q/q Comment:Oil rose more than $1 a barrel on today, extending gains from the previous session, buoyed by improved risk …

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Daily Market Analysis 27.07.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 100.42 with take profit at  1.00.89 Bearish Preference: Sell position is envisaged if price trades  below 98,94 with take profit at 98.45 Fundamentals:No Major Fundamental   Comment: Oil prices held steady on Wednesday as concerns about weaker demand offset industry data that showed a larger-than-expected drawdown in …

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Daily Market Analysis 25.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 97.95 with take Profit at 98.70 Bearish Preference: Sell position is envisaged if price trades  below 96.56 with take Profit at 95.78 Fundamentals:No Major Fundamental Comment:Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken …

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Daily Market Analysis 22.07.2022: OIL

Instrument: OILS Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 100.00 with take profit at  100.32 Bearish Preference: Sell position is envisaged if price trades  below 97.95 with take profit at 97.56 Fundamentals:No major fundamentals Comment: Oil prices climbed in Asia trading on Friday, rebounding from previous declines amid supply tightness and geopolitical tensions, even though weakened …

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Daily Market Analysis 21.07.2022: OIL

Instrument: OILS Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above  103.96  with Take Profit at 105.01 Bearish Preference: Sell position is envisaged if price trades  below 101.55 with Take Profit at 99.76 Fundamentals: No major fundamentals in direct bearing to this instrument. Comment: Oil prices fell by more than $5 on Thursday after higher U.S. gasoline stockpiles stoked …

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Daily Market Analysis 11.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 106.24 with take profit at 106.62 Bearish Preference: Sell position is envisaged if price trades below price 104.20 with take profit at 103.90 Fundamentals:No Major fundamental Comment:Oil prices fell on Monday in volatile trade, reversing some gains from the previous session as markets braced for new mass …

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Daily Market Analysis 08.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 106.59 with take Profit at 107.21. Bearish Preference: Sell position is envisaged if price trades below price 103.54 with take Profit at 102.93. Fundamentals:No major fundamentals Comment:Oil prices edged slightly higher in volatile Asian trade on Friday, reversing earlier losses as the market weighed up …

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