Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 39.78 with take profit at 39.15. Alternative scenario: Buy position is envisaged if price trades above 40.52 with take profit at 41.42. Fundamentals:No major economic data with direct bearing on the commodity. Comment: Black gold is currently pressured by the ever-rising number of COVID-19 …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 42.65 with take profit at 43.00 Alternative scenario: Sell position is envisaged if price trades below 42.19 with take profit at 41.24 Fundamentals:No major economic data with direct bearing on the commodity Comment: Oil is envisaged to be supported this week by the decline in the number of active rigs …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 42.50 with take profit at 43.15. Alternative scenario: Sell is in order if price trades below 41.89 with take profit at 41.40. Fundamentals:No major economic data with a direct bearing to this index Comment: With the seeming ease on the ban on international flights, it …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 41.01 with take profit at 41.57. Alternative scenario: Sell is in order if price trades below 39.62 with take profit at 38.74. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Technically, price is currently trading bullish and this move will be confirmed if price can break the …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 37.52 with take profit at 36.00 Alternative scenario: Buy position is envisaged if price trades above 37.97 with take profit at 38.46 Fundamentals:No major economic data with direct bearing on the commodity Comment: Oil is envisaged to be pressured by increasing concern of a second wave of COVID19 infections …
Intraday: Bearish Technical Analysis Preference: A Sell is in order if prices trade below 40.32 with take profit at 38.91. Alternative scenario: A buy is in order if price trades above 41.77 with take profit at 43.02 Fundamentals:No major economic data with direct bearing on the commodity Comment: Yesterday saw a drop in the prices of oil, the OPEC …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.38 with take profit at 44.00 Alternative scenario: Sell position is envisaged if price trades below 42.39 with take profit at 41.76 Fundamentals:No major economic data with direct bearing on the commodity Comment: Black gold is envisaged to benefit from the OPEC+ agreement on Saturday to extend the current …
Intraday: Bearish Technical Analysis Preference: SELL position is envisaged if price trades above 40.16 with take profit at 39.69 Alternative scenario: BUY position is envisaged if price trades above 40.79 with take profit at 41.06 Fundamentals:ADP Non-Farm Employment Change (US) 1:15 PM Comment: Oil is on a huge uptrend in the last of weeks but technically, the resistance …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 39.22 with take profit at 40.00 Alternative scenario: Sell position is envisaged if price trades below 38.05 with take profit at 37.37. Fundamentals:No major economic data with direct bearing on the commodity Comment: Black gold continued its recent recovery despite the rising US-China tensions. A …
Intraday: Bullish Technical Analysis Preference:Buy position is envisaged if price trades above 34.90 with take profit at 35.30 Alternative scenario: Sell position is envisaged if price trades below 32.89 with take profit at 32.20 Fundamentals:Baker Hughes Rig Count (US) 6pm Comment: The instrument has been over bought this week eventually setting a new high and the resistance at 36.90 proving …
