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fuel demand

Daily Market Analysis 07/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 75.41 with take profit at 75.61. Bearish Preference: Sell position is envisaged if price trades below 74.77 with take profit at 74.53. Fundamentals:None with a high impact on the commodity. Comment: Oil was mixed Wednesday morning in Asia, but remained above the $73 mark, as a production dispute between …

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Daily Market Analysis 03|06|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.03 with take profit at 72.40. Bearish Preference: Sell position is envisaged if price trades below 71.06 with take profit at 70.63. Fundamentals:USD 3:30PM   Natural Gas Storage   4:00PM   Crude Oil Inventories Comment: Oil prices rose for a third day on Thursday on expectations …

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Daily Market Analysis 01|06|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 70.92 with take profit at price 71.22. Bearish Preference: A sell position is envisaged if price trades below price 69.87  with take profit at price 69.59. Fundamentals:All Day   OPEC-JMMC Meetings              Comment: Oil prices rose on Tuesday, with Brent …

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Daily Market Analysis 05|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 70.13 with take profit at 70.32. Bearish Preference: Sell position is envisaged if price trades below 69.12 with take profit at 68.75. Fundamentals:None with high Impact Comment: The black stuff has already risen over 4% so far this week. A record fall in US crude inventories …

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Daily Market Analysis 04|05|2021: OILs

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 67.83 with take profit at 68.09. Bearish Preference: Sell position is envisaged if price trades below 67.20 with take profit at 66.97. Fundamentals:None with high Impact Comment: Oil inched up early Tuesday morning in Asia as investors remained optimistic the continued economic recovery in regions such …

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Daily Market Analysis 29|04|2021: OILs

Technical Analysis Bullish Preference:  Buy is envisage if price trades above 67.41 with take profit at 67.67. Bearish Preference: Sell is envisaged if price trades below 66.79 with take profit at 66.57. Fundamentals:USD 3:30PM  Natural Gas Storage Comment: Oil was up Thursday morning in Asia as investors continue to expect fuel demand to recover by the summer, despite ever-surging numbers …

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