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Daily Market Analysis 24/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.95 with take profit at 75.11. Bearish Preference: Sell position is envisaged if price trades below 74.55 with take profit at 74.39. Fundamentals:3:30 PM USD Natural Gas Storage Comment: Oil was up with continuously shrinking U.S. crude and fuel supplies contributing to the brightening fuel …

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Daily Market Analysis 23/06/2021: OIL

Instrument: Oils Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.70 with take profit at 74.88. Bearish Preference: Sell position is envisaged if price trades below 74.30 with take profit at 74.15. Fundamentals:3:30 pm USD Crude Oil Inventories Comment: Oil was up Wednesday morning in Asia as a strong economic rebound of key consumers boosted fuel demand and …

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Daily Market Analysis 10/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.26 with take profit at 72.47 Bearish Preference: Sell position is envisaged if price trades below 71.47 with take profit at 71.26. Fundamentals:3:30PM  USD  Natural Gas Storage Comment: Oil prices fell on Thursday as inventory data in the United States, the world’s top oil consumer, showed a …

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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 26|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 68.58 with take profit at 68.85. Bearish Preference: Sell position is envisaged if price trades below 67.63 with take profit at 67.39. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil traded in a narrow range early today, supported by optimism about improving U.S. fuel demand and a …

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Daily Market Analysis 13|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy is envisage if price trades above 68.60 with take profit at 68.76. Bearish Preference: Sell is envisaged if price trades below 68.06 with take profit at 67.88. Fundamentals:None with high impact Comment: The demand for crude is outpacing supply, the International Energy Agency (IEA) said in its monthly report released on Wednesday. The …

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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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Daily Market Analysis 28|04|2021: OILS

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 66.23 with take profit at 66.44. Bearish Preference: Sell position is envisaged if price trades below 65.56 with take profit at 65.29. Fundamentals:3:30pm  USD Crude Oil Inventories Comment: Oil was down Wednesday morning in Asia, as investors digested an Organization of the Petroleum Exporting Countries and its …

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Daily Market Analysis 11|03|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy is envisage if price trades above 68.55 with take profit at 69.28. Bearish Preference: Sell is envisaged if price trades below 67.75 with take profit at 66.96. Fundamentals:None with high impact on the commodity. Comment: Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks …

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Daily Market Analysis 04|03|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy is envisage if price trades above 64.92 with take profit at 65.41 Bearish Preference: Sell is envisaged if price trades below 64.21 with take profit at 63.87. Fundamentals:All Day – OPEC-JMMC Meetings  Comment: Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing …

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