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Daily Market Analysis 06/08/2021: OILS

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.07 with take profit at 72.71. Bearish Preference: Sell position is envisaged if price trades below 71.36  with take profit at 70.76. Fundamentals:No Major Fundamental. Comment: Oil prices extended gains on Friday, but remained on track for their biggest weekly decline since March as travel …

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Daily Market Analysis 05/08/2021: OILS

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.11 with take profit at 71.33. Bearish Preference: Sell position is envisaged if price trades below 70.27 with take profit at 70.06. Fundamentals:None with a high impact on the Commodity Comment: Oil prices declined towards $70 a barrel on Thursday as more countries imposed fresh …

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Daily Market Analysis 04/08/2021: OILS

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.52 with take profit at 72.79. Bearish Preference: Sell position is envisaged if price trades below 71.38 with take profit at 71.14. Fundamentals:3:30pm    USD Crude Oil Inventories Comment: Oil prices slipped on Wednesday as the spread of the coronavirus Delta variant in top consuming countries outweighed Mideast …

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Daily Market Analysis 28/07/2021:

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.19 with take profit at 74.40. Bearish Preference: Sell position is envisaged if price trades below 73.44 with take profit at 73.22. Fundamentals:3:30pm    USD Crude Oil Inventories Comment: Oil rose towards $75 a barrel on Wednesday ahead of an industry report expected to show U.S. crude …

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Daily Market Analysis 22/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.26 with take profit at 73.55. Bearish Preference: Sell position is envisaged if price trades below 72.47 with take profit at 72.24. Fundamentals:None with high impact. Comment: Official US crude inventories followed the API data from the day before and posted a surprise increase in …

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Daily Market Analysis 16/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.64 with take profit at 73.88. Bearish Preference: Sell position is envisaged if price trades below 72.88 with take profit at 72.63. Fundamentals:None with high impact. Comment: Oil was up Friday morning in Asia, but was headed towards the biggest weekly decline since mid-March 2021. Worsening …

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Daily Market Analysis 08/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.68 with take profit at 74.09. Bearish Preference: Sell position is envisaged if price trades below 72.75 with take profit at 72.27. Fundamentals:USD 3:30 PM Natural Gas Storage        4:00 PM Crude Oil Inventories Comment: Oil prices dropped Thursday, falling for the third consecutive session, on …

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Daily Market Analysis 07/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 75.41 with take profit at 75.61. Bearish Preference: Sell position is envisaged if price trades below 74.77 with take profit at 74.53. Fundamentals:None with a high impact on the commodity. Comment: Oil was mixed Wednesday morning in Asia, but remained above the $73 mark, as a production dispute between …

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Daily Market Analysis 02/07/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14618.14 with take profit at 14632.40. Bearish Preference: Sell position is envisaged if price trades below 14558.76 with take profit at 14546.46. Fundamentals:1:30 pm USD    Average Hourly Earnings m/m                USD Non-Farm Employment Change                …

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