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Daily Market Analysis 20.09.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  A buy position is envisaged if price trades above 92.93 with take profit at 93.30 Bearish Preference: A sell position is envisaged if price trades below price 91.75 with take profit at 91.46 Fundamentals:None with high impact Comment: Crude oil has recovered from yesterday’s dip to be trading near to where it started the week. The …

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Daily Market Analysis 06.09.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 96.15 with take profit at 96.43 Bearish Preference: A Sell position is envisaged if price trades below price 95.14 with take profit at 94.94 Fundamentals:No major fundamental Comment: Gold prices recovered sharply from a six-week low on Tuesday as a worsening energy crisis in Europe drove up …

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Daily Market Analysis 03.08.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 101.41 with take profit at 101.92 Bearish Preference: Sell position is envisaged if price trades  below 98.29  with take profit at  97.63 Fundamentals:All Day   OPEC-JMMC Meetings Comment:Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output …

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Daily Market Analysis 19.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 107.97 with take profit at 108.67 . Bearish Preference: Sell position is envisaged if price trades  below 106.12 with take profit at 105.70  . Fundamentals:None with high impact Comment: Brent crude oil is trading around the 106 handle after prices rallied overnight against a broadly weaker …

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Daily Market Analysis 18.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 104.55 with take profit at 105.14. Bearish Preference: Sell position is envisaged if price trades  below 102.41 with take profit at 101.57 . Fundamentals:None with high impact Comment: Both Brent and WTI last week registered their biggest weekly declines for about a month on fears of a …

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Daily Market Analysis 28.06.2022: OIL

Instrument: OILS Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 113.26 with take profit at 113.78 Bearish Preference: Sell position is envisaged if price trades below price 111.83 with take profit at 111.49 Fundamentals:3:00PM    US DOLLARS:  Crude Oil Inventories             Comment:Crude oil prices were trading higher through early Asia-Pacific trading on …

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Daily Market Analysis 08.04.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 101.62 with take profit at 101.97 Bearish Preference: Sell position is envisaged if price trades below 100.62 with take profit at 100.31   Fundamentals:None with high impact on the commodity Comment: Oil prices rose on Friday but remained on course for a second weekly fall after countries …

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Daily Market Analysis 01.03.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 104.08 with take profit at  104.92. Bearish Preference: A Sell position is envisaged if price trades below 101.72 with take profit at 100.49. Fundamentals:No major Fundamental. Comment: Crude oil prices pushed higher, with the global benchmark Brent trading over the $100 a barrel level, on concerns that …

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Daily Market Analysis 09.02.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 91.33 with take profit at 91.60. Bearish Preference: Sell position is envisaged if price trades below 89.75 with take profit at 89.41. Fundamentals:4:30pm USD Crude Oil Inventories Comment: Brent and WTI slid about 2% on Tuesday, down for a second straight session, as Washington resumed …

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