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oil

Daily Market Analysis 02/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 75.89 with take profit at 76.08. Bearish Preference: Sell position is envisaged if price trades below 75.14 with take profit at 74.96. Fundamentals:All Day OPEC-JMMC Meetings Comment: Oil was up Friday morning in Asia, retaining its gains from the previous session after a disagreement within the …

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Daily Market Analysis 30/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.61 with take profit at 74.77. Bearish Preference: Sell position is envisaged if price trades below 74.24 with take profit at 74.11. Fundamentals:3:30pm    USD Crude Oil Inventories Comment: Oil was up Wednesday morning in Asia after the Organization of the Petroleum Exporting Countries and allies (OPEC+) …

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Daily Market Analysis 29/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.42 with take profit at 74.66. Bearish Preference: Sell position is envisaged if price trades below 73.68 with take profit at 73.43. Fundamentals:No Major Fundamentals. Comment: Crude oil prices weakened Tuesday, with the growth of Covid cases, mainly in the U.K. but also a number of Asian …

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Daily Market Analysis 25/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.94 with take profit at 75.11. Bearish Preference: Sell position is envisaged if price trades below 74.23 with take profit at 74.00. Fundamentals:No major fundamental Comment: Oil price met resistance in the past five days within $74.78 and $75.22 and has not since been able to climb …

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Daily Market Analysis 24/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.95 with take profit at 75.11. Bearish Preference: Sell position is envisaged if price trades below 74.55 with take profit at 74.39. Fundamentals:3:30 PM USD Natural Gas Storage Comment: Oil was up with continuously shrinking U.S. crude and fuel supplies contributing to the brightening fuel …

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Daily Market Analysis 23/06/2021: OIL

Instrument: Oils Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.70 with take profit at 74.88. Bearish Preference: Sell position is envisaged if price trades below 74.30 with take profit at 74.15. Fundamentals:3:30 pm USD Crude Oil Inventories Comment: Oil was up Wednesday morning in Asia as a strong economic rebound of key consumers boosted fuel demand and …

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Daily Market Analysis 21/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.95 with take profit at 74.14. Bearish Preference: Sell position is envisaged if price trades below 73.30 with take profit at 73.13. Fundamentals:None with a high impact on the Commodity. Comment: Crude oil prices extended higher during Monday’s Asia-Pacific mid-day session amid a broad pullback in equities. …

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Daily Market Analysis 10/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.26 with take profit at 72.47 Bearish Preference: Sell position is envisaged if price trades below 71.47 with take profit at 71.26. Fundamentals:3:30PM  USD  Natural Gas Storage Comment: Oil prices fell on Thursday as inventory data in the United States, the world’s top oil consumer, showed a …

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Daily Market Analysis 03|06|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.03 with take profit at 72.40. Bearish Preference: Sell position is envisaged if price trades below 71.06 with take profit at 70.63. Fundamentals:USD 3:30PM   Natural Gas Storage   4:00PM   Crude Oil Inventories Comment: Oil prices rose for a third day on Thursday on expectations …

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Daily Market Analysis 02|06|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 70.86  with a take profit at price 71.21. Bearish Preference: A Sell position is envisaged if price trades below 69.86 with take profit at price 69.51. Fundamentals:No Major Fundamentals Comment: Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring …

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