Instrument: OILs Technical Analysis Bullish Preference: Buy is envisaged if price trades above 50.15 with take profit at 50.87. Bearish Preference: Sell is envisaged if price trades below 49.61 with take profit at 48.81. Fundamentals:No Major Fundamentals Comment: Oil prices fell on Tuesday due to tighter lockdown in Europe and a forecast for a slower recovery in demand next year outweighed …
Instrument: OIL Technical Analysis Bullish Preference: Buy is envisaged if price trades above 45.61 with take profit at 46.12. Bearish Preference: Sell is envisaged if price trades below 44.96 with take profit at 44.46. Fundamentals:No Major Fundamentals Comment: Brent prices rose as investor and traders eyed a recovery in crude oil demand, thanks to the successful corona-virus vaccine trials, also …
Instrument: OIL Technical Analysis Bullish Preference: Buy if price trades above 45.25 with take profit at 45.40. Bearish Preference: A sell is envisaged when price trades below 43.31 with take profit at 42.95 Fundamentals:No Major fundamental(s). Analysis: SCRUM Team
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.28 with take profit at 40.56. Alternative scenario: Sell position is envisaged if price trades below 39.74 with take profit at 39.24. Fundamentals:No major economic data with bearing on the commodity Comment: The commodity has been pressured recently by the apparent glut in the …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: BUY position is envisaged if price trades above 42.18 with take profit at 42.41 Alternative scenario: SELL position is envisaged if price trades below 42.07 with take profit at 41.92 Fundamentals:None with direct impact on the commodity Comment: The commodity has been pressured recently by the rising number of cases around the world dampening …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 42.31 with take profit at 41.86. Alternative scenario: Buy position is envisaged if price trades above 42.69 with take profit at 43.30. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Black gold is envisaged to trade lower as the potential return …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades above 39.23 with take profit at key level 38.89. Alternative scenario: Buy if price trades above 39.63 with take profit at 40.04. Fundamentals:No major economic data with bearing on the commodity. Comment: Energy prices has been tanking and this can be due to the fact …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.08 with take profit at 40.70 Alternative scenario: Sell position is envisaged if price trades below 39.69 with take profit at 39.32 Fundamentals:No major economic data with bearing on the commodity. Comment: Black gold is envisaged to trade higher today as tropical storm Sally …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 39.62 with take profit at 39.32 Alternative scenario: Buy when price trades above 40.22 with take profit 40.54 Fundamentals:No Fundamentals. Comment: Oil prices declined as there is a strong decline in demand for crude oil products. Prices have been pushing lower and it is …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.13 with take profit at key level 40.94. Alternative scenario: Sell if price trades above 39.03 with take profit at 38.15. Fundamentals:No major economic data with bearing on the commodity Comment: Oil prices declined as there was decline in demand for crude oil products. …
