Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 63.39 with take profit at 64.24. Bearish Preference: Sell position is envisaged if price trades below 61.99 with take profit at 61.19. Fundamentals:No major fundamental Comment: Oil prices rose on Tuesday as investors looked for bargains following the previous day’s plunge of more than 4% …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 65.45 with take profit at 65.75. Bearish Preference: Sell position is envisaged if price trades below 64.32 with take profit at 63.63. Fundamentals:No major fundamentals. Comment: Oil was up Tuesday morning in Asia, as attention shifted from a container ship stuck in the Suez Canal to an …
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 …
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 …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 22.22 with take profit at 23.82. Alternative scenario: Sell position is envisaged if price trades below 19.74 with take profit at 18.01 Fundamentals:No major economic data expected today Comment: Yesterday Oil plummeted to historic level as we saw future prices for May and June contract …
