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Daily Market Analysis 07/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 80.24 with take profit at 80.55 Bearish Preference: Sell position is envisaged if price trades below 78.68 with take profit at 78.35 Fundamentals:No Major Fundamental Comment: Oil prices dropped for a second session on Thursday, under pressure from an unexpected rise in U.S. crude stocks …

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Daily Market Analysis 01/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.96 with take profit at 71.12. Bearish Preference: Sell position is envisaged if price trades below 71.59 with take profit at  71.44 Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices rose on Wednesday before an OPEC+ meeting at which the producer club is expected to …

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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 16/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.64 with take profit at 73.88. Bearish Preference: Sell position is envisaged if price trades below 72.88 with take profit at 72.63. Fundamentals:None with high impact. Comment: Oil was up Friday morning in Asia, but was headed towards the biggest weekly decline since mid-March 2021. Worsening …

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Daily Market Analysis 02/07/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14618.14 with take profit at 14632.40. Bearish Preference: Sell position is envisaged if price trades below 14558.76 with take profit at 14546.46. Fundamentals:1:30 pm USD    Average Hourly Earnings m/m                USD Non-Farm Employment Change                …

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