Instrument: OILs Technical Analysis Bullish Preference: A buy is envisaged if price trades above 67.15 with take profit at 67.41. Bearish Preference: A sell is envisaged if price trades below 66.23 with take profit at 65.93. Fundamentals:None with high Impact Comment: Oil futures pulled back Friday, with weakness tied to worries over the global economic outlook, but remained on track …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 68.05 with take profit at 68.38 Bearish Preference: Sell position is envisaged if price trades below 66.94 with take profit at 66.25. Fundamentals:No major Fundamental Comment: Spot cash premiums for June-loading barrels of Malaysian and Vietnamese crude oil have eased on the month amid demand concerns …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 63.36 with take profit at 63.77. Bearish Preference: Sell position is envisaged if price trades below 62.30 with take profit at 62.05. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 62.69 with take profit at 63.58. Bearish Preference: Sell position is envisaged if price trades below 61.05 with take profit at 60.85. Fundamentals:3:30pm USD Fed Chair Powell Testifies Comment: Oil prices rose more than 1% on Wednesday as investors sought bargains following the previous day’s slump, but the …
Instrument: OIL Technical Analysis Bearish Preference: A Sell is envisaged if price trades below 67.45 with take profit at 66.71. Bullish Preference: A buy is envisaged if the price trades above 68.71 with take profit at 69.29. Fundamentals:2.30PM – USD Non-Farm Employment Change USD Average Hourly Earnings m/m USD Unemployment Rate …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.39092 with take profit at 1.38737 Alternative scenario: Buy position is envisaged if price trades above 1.39711 with take profit at 1.40137 Fundamentals:No major economic data with direct bearing on the commodity expected today Comment: The Canadian dollar is on the rise amid the better market …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 29.18 with take profit at 30.20 Alternative scenario: Sell position is envisaged if price trades below 28.30 with take profit at 26.97 Fundamentals:No major economic data expected today Comment: The uptick of Oil is due to the expected supply cut that would be implemented by OPEC …
