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fuel demand

Daily Market Analysis 25.10.2022: OIL

Instrument: OILS+ Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 91.18 with take profit at 91.45 Bearish Preference: Sell position is envisaged if price trades below 90.57 with take profit at 90.27 Fundamentals:No major fundamental Comment: Oil prices rose on Tuesday as the U.S. dollar eased against major peers but gains were limited by worries of slowing global …

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Daily Market Analysis 18.10.2022: OIL

Instrument: OILS+ Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 92.69 with take profit at 92.87 Bearish Preference: Sell position is envisaged if price trades below 91.88 with take profit at 91.64 Fundamentals:No major fundamental Comment: Brent crude oil opened the week marginally lower after demand-side fears continue to overwhelm forecasts despite the recent OPEC+ supply cut announcement. …

Daily Market Analysis 18.10.2022: OIL Read More »

Daily Market Analysis 26.09.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 85.02 with take profit at  85.52 Bearish Preference: Sell position is envisaged if price trades  below 83.09 with take profit at 82.39 Fundamentals:None with high impact Comment: Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked …

Daily Market Analysis 26.09.2022: OIL Read More »

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 31.08.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 99.18 with take profit at 99.86 Bearish Preference: A Sell position is envisaged if price trades below price 96.56 with take profit at 95.61 Fundamentals:No Major fundamental Comment: Oil prices recovered slightly on Wednesday as data pointed to firm U.S. fuel demand, providing respite after a 5% …

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Daily Market Analysis 02.08.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 100.40 with take profit at 100.83 Bearish Preference: Sell position is envisaged if price trades  below 98.34 with take profit at 97.88 Fundamentals:No major fundamental Comment: Oil prices edged lower on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global …

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Daily Market Analysis 28.01.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 88.94 with take profit at 89.22 . Bearish Preference: Sell position is envisaged if price trades below 88.36 with take profit at 87.99. Fundamentals:No major fundamental Comment: Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue …

Daily Market Analysis 28.01.2022: OIL Read More »

Daily Market Analysis 13.01.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 85.29 with take profit at 85.61. Bearish Preference: Sell position is envisaged if price trades below 83.83 with take profit at 83.35. Fundamentals:No major fundamental Comment: Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases …

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Daily Market Analysis 04.01.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 79.21 with take profit at 79.55. Bearish Preference: Sell position is envisaged if price trades below 78.54 with take profit at 78.33. Fundamentals:All Day All OPEC-JMMC Meetings Comment: Oil was up on Tuesday morning in Asia, but moves were small ahead of a major producers’ meeting …

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Daily Market Analysis 10/08/2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 35023 with take profit at 35055. Bearish Preference: Sell position is envisaged if price trades below 34931 with take profit at 34900. Fundamentals:No Major Fundamental Comment: The Dow jones started the week with a dip as fuel demand worries during a resurgent pandemic sent energy stocks lower but …

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