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Daily Market Analysis 26/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 85.39 with take profit at 85.53. Bearish Preference: Sell position is envisaged if price trades below 84.70 with take profit at 84.56. Fundamentals:No major fundamental Comment: Oil prices edged lower on Tuesday after rising earlier in the day and analysts said prices were set to …

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Daily Market Analysis 20/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 84.86 with take profit at 85.03. Bearish Preference: Sell position is envisaged if price trades below 84.12 with take profit at 83.97. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices fell on Wednesday after the Chinese government stepped up efforts to tame record high coal …

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Daily Market Analysis 18/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 85.73 with take profit at 86.10. Bearish Preference: Sell position is envisaged if price trades below 84.93 with take profit at 84.65 Fundamentals:No major fundamental Comment: Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more …

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Daily Market Analysis 15/10/2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 84.96 with take profit at 85.15 Bearish Preference: Sell position is envisaged if price trades below 84.52 with take profit at 84.34 Fundamentals:No Major Fundamental Comment: Oil prices climbed on Friday, heading for gains of more than 3% for the week, on increasing signs of …

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Daily Market Analysis 13/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.09  with take profit at 83.36 Bearish Preference: Sell position is envisaged if price trades below 82.52 with take profit at 82.28 Fundamentals:None with high impact on the commodity. Comment: Oil prices lost some froth on the inflation concerns although surging prices for power generation fuel …

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