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Daily Market Analysis 15/11/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.09 with take profit at 81.21 Bearish Preference: Sell position is envisaged if price trades below 80.65 with take profit at 80.53 Fundamentals:No major fundamental Comment: Oil retains a bullish outlook if the forecast horizon is several months, but the journey higher is not likely …

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Daily Market Analysis 11/11/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.11 with take profit at 83.36 Bearish Preference: Sell position is envisaged if price trades below 82.34 with take profit at 82.13 Fundamentals:No major fundamental Comment: Crude prices edged higher Thursday, rebounding after the previous session’s losses on concerns the sharp rise in U.S. inflation, boosted …

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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 29/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 84.34 with take profit at 84.58 Bearish Preference: Sell position is envisaged if price trades below 83.42 with take profit at 83.23 Fundamentals:No major fundamental Comment: Oil rose further above $84 a barrel on Friday, within sight of a multi-year high hit this week, as expectations …

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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 20/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 84.86 with take profit at 85.03. Bearish Preference: Sell position is envisaged if price trades below 84.12 with take profit at 83.97. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices fell on Wednesday after the Chinese government stepped up efforts to tame record high coal …

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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 12/10/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.24708 with take profit at 1.24876. Bearish Preference: A Sell position is envisaged if price trades below price 1.24375 with take profit at 1.24172. Fundamentals:3:00pm USD JOLTS Job Openings4:15pm USD FOMC Member Clarida Speaks6:01pm USD 10-y Bond Auction Comment: The USD/CAD pair spent the Asian …

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