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Daily Market Analysis 07|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 41.67 with take profit at 41.15 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No major economic data with bearing on the commodity Comment: The commodity is envisaged to trade lower in today’s session as Oil …

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Daily Market Analysis 04|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 43.79 with take profit at 43.39 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No fundamental with direct impact on the instrument Comment: The Oil market sold yesterday and the general trend of the instrument seems …

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Daily Market Analysis 31|08|2020: OIL

Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 46.55 with take profit at 46.94 Alternative scenario: Sell position is envisaged if price trades below 46.22 with take profit at 45.65 Fundamentals:No major economic data with bearing on the commodity Comment: Black gold shrugged off the impact of the Hurricane of Friday and …

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Daily Market Analysis 24|08|2020: OIL

Instrument: OIL Intraday: Bullish Technical Analysis Preference:  Buy position is envisaged if price trades above 44.75 with take profit at 45.00 Alternative scenario: Sell position is envisaged if price trades below 44.55 with take profit at 44.16 Fundamentals:No major economic data with direct bearing to this commodity    Comment:  Black gold is envisaged to close higher today, buoyed  by …

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Daily Market Analysis 21|08|2020: OIL

Instrument: OIL Intraday: Bearish Technical Analysis Preference:  Sell position is envisaged if price trades below 44.65 with take profit at 44.24 Alternative scenario: Buy position is envisaged if price trades above 45.15 with take profit at key level at 45.55 Fundamentals:No major economic data with direct bearing to this commodity    Comment:  Oil became extremely bearish yesterday after the …

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Daily Market Analysis 17|08|2020: OIL

Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 45.10 with take profit at 45.49  Alternative scenario: Sell position is envisaged if price trades below 44.89 with take profit at 44.61. Fundamentals:No major economic data with direct bearing on the commodity Comment: The commodity is envisaged to surge higher owing to the reports …

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Daily Market Analysis 11|08|2020: OIL

Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 45.34 with take profit at key level 45.04  Alternative scenario:  Buy if price trades above 45.73  with take profit at 46.08 Fundamentals:No Fundamentals. Comment: Technically Brent has been hovering between 46.15 and 44.35 prize zones, right now investors would be waiting for crude oil …

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Daily Market Analysis 10|08|2020: USDCAD

Instrument: USDCAD Intraday: Bullish Technical Analysis Preference:  Buy position is envisaged if price trades above 1.34018 with take profit at  1.34411 Alternative scenario: Sell position is envisaged if price trades below 1.33592 with take profit at 1.33282 Fundamentals:No major economic data with bearing on the pair.  Comment:  The pair is expected to trade higher today owing to the release …

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Daily Market Analysis 07|08|2020: USDCAD

Instrument: USDCAD Intraday: Bearish Technical Analysis Preference:  Sell position is envisaged if price trades below 1.33380 with take profit at key level 1.33153 Alternative scenario: Buy if price trades above 1.33607 with take profit at 1.33939 Fundamentals:CAD    Unemployment Rate USD    Average Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment:  Although oil has seen consistent rise thanks to the weak dollar and the …

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