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Daily Market Analysis 31.05.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 120.42 with take profit at 120.91 Bearish Preference: Sell position is envisaged if price trades  below 118.92 with take profit at 118.48 Fundamentals:No Major Fundamental Comment: EU leaders continue to struggle over an agreement on banning Russian oil imports, while Ukrainian President Volodymyr Zelensky is pushing …

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Daily Market Analysis 23.02.2022:

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 94.72 with take profit at 95.41. Bearish Preference: Sell position is envisaged if price trades below 92.72 with take profit at 92.00. Fundamentals:None with high impact on the commodity Comment: Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it …

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Daily Market Analysis 06.01.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.35448 with take profit at 1.35655 . Bearish Preference: Sell position is envisaged if price trades below 1.35079 with take profit at 1.34901. Fundamentals:2:30PM USD Unemployment Claims4:00PM USD ISM Services PMI Comment: The U.S. dollar pushed higher in early European trade Thursday, boosted by rising Treasury yields …

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