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Daily Market Analysis 16.05.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.73 with take profit at 111.03 Bearish Preference: Sell position is envisaged if price trades below 109.53 with take profit at 109.12 Fundamentals:No Major Fundamental Comment: Oil prices fell on Monday as widespread lockdowns in China and weak economic data in the country fuelled fears of a …

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Daily Market Analysis 22.04.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 107.65 with take profit at 107.92 Bearish Preference: Sell position is envisaged if price trades below 106.68 with take profit at 106.48 Fundamentals:No high impact bearing to commodity. Comment: Oil prices extended losses on Friday, burdened by the prospect of interest rate hikes, weaker global growth and …

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Daily Market Analysis 09.03.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 128.28 with take profit at 130.42 . Bearish Preference: Sell position is envisaged if price trades below 123.01 with take profit at 121.03 Fundamentals:4:30pm USD Crude Oil Inventories  Comment: Oil has slipped lower than $125 a barrel in volatile trading on Wednesday as investors assessed the U.S. ban …

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Daily Market Analysis 08.03.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 128.62 with take profit at 129.68. Bearish Preference: Sell position is envisaged if price trades below 125.21 with take profit at 124.39. Fundamentals:No major Fundamental Comment: President Joe Biden’s administration is willing to move ahead with a U.S. ban on Russian oil imports even if European allies …

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Daily Market Analysis 08.03.2022: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 13503.16 with take profit at 13585.95. Bearish Preference: A Sell position is envisaged if price trades below 13222.27 with take profit at 13153.89 Fundamentals:No major Fundamental  Comment: World stocks held at a one-year low on Tuesday, while gold climbed above the key $2,000 level, as the prospect …

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Daily Market Analysis 07.03.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1991.46 with take profit at 1995.03. Bearish Preference: A Sell position is envisaged if price trades below 1970.87 with take profit at 1964.34. Fundamentals:No major Fundamental  Comment: Gold made an 18-month high as markets reeled on Monday. The implications of a US ban on Russian oil imports …

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