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Daily Market Analysis 11/08/2021: OILS

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 70.40 with take profit at 70.59. Bearish Preference: Sell position is envisaged if price trades below 69.36 with take profit at 69.16. Fundamentals:3:30pm    USD Crude Oil Inventories Comment: Oil fell below $70 a barrel on Wednesday, pressured by a CNBC report that the White House will call …

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Daily Market Analysis 10/08/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.25710 with take profit at 1.25880. Bearish Preference: Sell position is envisaged if price trades below 1.25522 with take profit at 1.25352. Fundamentals:No Major Fundamental Comment: Strong gains in Treasury yields and a drop in commodity prices helped buoy the greenback. U.S. Treasury yields moved higher following …

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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 27/07/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.190 with take profit at 110.324. Bearish Preference: Sell position is envisaged if price trades below 109.994 with take profit at 109.872. Fundamentals:8:30am    JPY    BOJ Gov                            Kuroda Speaks3:00pm    USD    CB Consumer        …

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Daily Market Analysis 23/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.26 with take profit at 73.50. Bearish Preference: Sell position is envisaged if price trades below 72.47 with take profit at 72.24. Fundamentals:None with high impact. Comment: Both Brent and WTI futures remained above the $70-mark, and prices were almost unchanged as the week draws …

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