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commodity

Daily Market Analysis 10|09|2020: GOLD

Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1945.00 with take profit at 1950.00 Alternative scenario: Sell position is envisaged if price trades below 1939.00  with take profit at key level at 1933.00 Fundamentals:Main Refinancing Rate 12:45 pm EURMonetary Policy Statement 12:45 pm EURECB Press Conference 1:30pm EURUnemployment Claims Comment: The strength …

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Daily Market Analysis 09|09|2020: OIL

Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.13 with take profit at key level 40.94. Alternative scenario: Sell if price trades above 39.03  with take profit at 38.15. Fundamentals:No major economic data with bearing on the commodity Comment: Oil prices declined as there was decline in demand for crude oil products. …

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Daily Market Analysis 07|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 41.67 with take profit at 41.15 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No major economic data with bearing on the commodity Comment: The commodity is envisaged to trade lower in today’s session as Oil …

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Daily Market Analysis 04|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 43.79 with take profit at 43.39 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No fundamental with direct impact on the instrument Comment: The Oil market sold yesterday and the general trend of the instrument seems …

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Daily Market Analysis 03|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 43.80 with take profit at 43.57 Alternative scenario: Buy position is envisaged if price trades above 44.54 with take profit at key level at 44.84 Fundamentals:No major economic data with direct bearing to this commodity Comment: Oil was bearish yesterday and this can be …

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Daily Market Analysis 24|08|2020: OIL

Instrument: OIL Intraday: Bullish Technical Analysis Preference:  Buy position is envisaged if price trades above 44.75 with take profit at 45.00 Alternative scenario: Sell position is envisaged if price trades below 44.55 with take profit at 44.16 Fundamentals:No major economic data with direct bearing to this commodity    Comment:  Black gold is envisaged to close higher today, buoyed  by …

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Daily Market Analysis 21|08|2020: OIL

Instrument: OIL Intraday: Bearish Technical Analysis Preference:  Sell position is envisaged if price trades below 44.65 with take profit at 44.24 Alternative scenario: Buy position is envisaged if price trades above 45.15 with take profit at key level at 45.55 Fundamentals:No major economic data with direct bearing to this commodity    Comment:  Oil became extremely bearish yesterday after the …

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Daily Market Analysis 13|08|2020: GOLD

Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1932 with take profit at 1940  Alternative scenario: Sell position is envisaged if price trades below 1921  with take profit at key level at 1913. Fundamentals:No major economic data with direct bearing to this commodity Comment: Gold has been trying to recover from its …

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Daily Market Analysis 27|07|2020: OIL

Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 42.95 with take profit at 42.41. Alternative scenario: Buy position is envisaged if price trades above 43.34 with take profit at 43.79. Fundamentals:No major economic data with bearing on this commodity. Comment: The commodity is envisaged to lose traction and trade lower as tensions …

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Daily Market Analysis 24|07|2020: OIL

Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.51 with take profit at 43.91. Alternative scenario: Sell position is envisaged if price trades below 42.80 with take profit at 42.50. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Oil has been bouncing off positive sentiments as tensions between the …

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