Instrument: OILS Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 123.63 with take profit at 123.86 Bearish Preference: Sell position is envisaged if price trades below 122.63 with take profit at 122.26 Fundamentals:NO MAJOR FUNDAMENTALS Comment: After a brief hiatus, the oil price rally is back on track. Crude oil closed with its seventh straight weekly gain …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 120.83 with take profit at 121.22 Bearish Preference: Sell position is envisaged if price trades below 119.45 with take profit at 119.04 Fundamentals:No Major Fundamental Comment: Crude oil prices have sustained their recent move higher following news that OPEC+ would increase oil production in July and August …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 121.75 with take profit at 123.17 Bearish Preference: Sell position is envisaged if price trades below price 19.40 with take profit at 118.63 Fundamentals: No Major Fundamental Comment:Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.90 with take profit at 110.17 Bearish Preference: Sell position is envisaged if price trades below 108.91 with take profit at 108.66 Fundamentals:No Major Fundamental Comment: Crude oil prices remain in a fairly consolidative state. A bearish Evening Star candlestick pattern formed last week, offering a preliminary reversal …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 111.64 with take profit at 112.11 Bearish Preference: Sell position is envisaged if price trades below 110.10 with take profit at 109.68 Fundamentals:No Major Fundamental Comment: Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.28611 with take profit at 1.28776 Bearish Preference: Sell position is envisaged if price trades below 1.27876 with take profit at 1.27696 Fundamentals:1:30pm CAD CPI m/m CAD Common CPI y/y CAD Median CPI …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 112.39 with take profit at 112.83 Bearish Preference: Sell position is envisaged if price trades below 110.44 with take profit at 110.09 Fundamentals:All Day- OPEC-JMMC Meetings Comment: Five OPEC+ delegates said the group was set to agree to increase its June output target by 432,000 barrels per …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.27668 with take profit at 1.27817 Bearish Preference: Sell position is envisaged if price trades below 1.27122 with take profit at 1.26976 Fundamentals:No major fundamental Comment: USD/CAD remains pressured around a one-week low, despite being defensive around 1.2700 ahead of Thursday’s European session. In doing so, the Loonie pair stays …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 103.89 with take profit at 104.27 Bearish Preference: Sell position is envisaged if price trades below 102.27 with take profit at 101.89 Fundamentals:No major Fundamental. Comment: Demand concerns in China, the world’s largest crude oil importer, added downward pressure on Tuesday. China’s capital Beijing has expanded its COVID-19 …
Instrument: AUDUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.74490 with take profit at 0.74608 Bearish Preference: Sell position is envisaged if price trades below 0.74143 with take profit at 0.73961 Fundamentals:No major fundamentals Comment: The Australian Dollar will be in focus to kick off the Asia-Pacific trading week as Chinese CPI data approaches. AUD/USD hit a fresh 2022 …
