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OPEC

Daily Market Analysis 11|03|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference:  Buy is envisage if price trades above 1.26223 with take profit at 1.26520. Bearish Preference: Sell is envisaged if price trades below 1.25585 with take profit at 1.25021. Fundamentals:7:30PM CAD Gov Council Member Schembri Speaks Comment: Crude prices have been buoyant since the Organization of the Petroleum Exporting Countries, Russia and their oil producing …

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Daily Market Analysis 10|03|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 67.90 with take profit at 68.27. Bearish Preference: Sell position is envisaged if price trades below 66.56 with take profit at 66.05 Fundamentals:4:30pm  USD Crude Oil Inventories Comment: Oil fell for a third straight session on Wednesday as investors took profits while looking ahead to U.S. inventories …

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Daily Market Analysis 04|03|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy is envisage if price trades above 64.92 with take profit at 65.41 Bearish Preference: Sell is envisaged if price trades below 64.21 with take profit at 63.87. Fundamentals:All Day – OPEC-JMMC Meetings  Comment: Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing …

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Daily Market Analysis 03|03|2021: OIL

Instrument: OIL Technical Analysis Bearish Preference: Sell is envisage if price trades below 63.65 with take profit at 62.25. Bullish Preference: Buy is envisaged if price trades above 64.19 with take profit at 64.55. Fundamentals:4:30pm USD Crude Oil Inventories  Comment: Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this …

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Daily Market Analysis 02|03|2021: OIL

Instrument: OIL Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below price 62.16 with a take profit at  price 60.05. Bullish Preference: A Buy position  is envisaged if price trades above price 63.80  with take profit at price 64.70. Fundamentals:No major fundamentals Comment: OPEC’s crude production plunged last month as Saudi Arabia delivered extra cutbacks …

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Daily Market Analysis 15|12|2020: OILs

Instrument: OILs Technical Analysis Bullish Preference: Buy is envisaged if price trades above 50.15 with take profit at 50.87. Bearish Preference: Sell is envisaged if price trades below 49.61 with take profit at 48.81. Fundamentals:No Major Fundamentals Comment: Oil prices fell on Tuesday due to tighter lockdown in Europe and a forecast for a slower recovery in demand next year outweighed …

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