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oil prices

Daily Market Analysis 24/12/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.28443 with take profit at 1.28565. Bearish Preference: Sell position is envisaged if price trades below 1.27921 with take profit at 1.27777. Fundamentals:No Major Fundamental Comment: The loonie pair tracks a pause in the prices of Canada’s key export item WTI crude oil to print the latest …

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Daily Market Analysis 22/12/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.84 with take profit at 75.33. Bearish Preference: Sell position is envisaged if price trades below 73.32 with take profit at 72.85. Fundamentals:None with high impact on the commodity. Comment: Oil prices were steady on Wednesday, with market players on the lookout for fuel demand pointers …

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Daily Market Analysis 15/12/2021: OIL

Instrument: OIL Technical Analysis Bullish Preference:Buy position is envisaged if price trades above 73.24 with take profit at 73.52. Bearish Preference: Sell position is envisaged if price trades below 72.48 with take profit at 72.18. Fundamentals:None with high impact on the commodity. Comment: Oil prices fell for a third day straight on Wednesday on growing signs that supply growth …

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Daily Market Analysis 13/12/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.27604 with take profit at 1.27789. Bearish Preference: Sell position is envisaged if price trades below 1.27299 with take profit at 1.27128. Fundamentals:No major fundamental Comment: USD/CAD has soared since late October amid weak oil prices and broad-based U.S. dollar strength, triggered by rising yields on …

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Daily Market Analysis 08/12/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 113.579 with take profit at 113.674. Bearish Preference: Sell position is envisaged if price trades below 113.258 with take profit at 113.152. Fundamentals:4:00pm USD JOLTS Job Openings Comment: The dollar was down on Wednesday morning in Asia also, global equity markets and oil prices surged on …

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Daily Market Analysis 03/12/2021: OILs

Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.41 with take profit at 71.71. Bearish Preference: Sell position is envisaged if price trades below 70.09 with take profit at 69.70. Fundamentals: No fundamental in direct bearing to this commodity  Comment: Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of …

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Daily Market Analysis 25/11/2021: OILs

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.31 with take profit at 81.55. Bearish Preference: Sell position is envisaged if price trades below 80.57 with take profit at 80.28. Fundamentals:None with high impact on the commodity. Comment: Oil prices edged down on Thursday with investors waiting to see how major producers respond …

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Daily Market Analysis 24/11/2021: OILs

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.88 with take profit at 82.18. Bearish Preference: Sell position is envisaged if price trades below 80.96 with take profit at 80.67. Fundamentals:4:30pm USD Crude Oil Inventories. Comment: Oil prices rose to a one-week high on Tuesday after a move by the United States and …

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Daily Market Analysis 19/11/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 16559.52 with take profit at 16573.20 Bearish Preference: Sell position is envisaged if price trades below 16500.45 with take profit at 16486.04 Fundamentals:4:45pm USD FOMC Member Waller Speaks Comment: U.S. stock futures were mixed, the dollar strengthened and oil prices fell, as rising Covid-19 cases …

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Daily Market Analysis 05/11/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.54 with take profit at 81.79 Bearish Preference: Sell position is envisaged if price trades below 80.57 with take profit at 80.35 Fundamentals:No Major Fundamental Comment: Oil prices rose on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, …

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