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Daily Market Analysis 26.10.2022: OIL

Instrument: OILS+ Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 91.35 with take profit at 91.73 Bearish Preference: Sell position is envisaged if price trades below 90.21 with take profit at 89.85 Fundamentals:3:00pm     CAD   BOC Monetary Policy                  CAD    BOC Rate Statement     Comment: U.S. crude inventories rose …

Daily Market Analysis 26.10.2022: 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 …

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Daily Market Analysis 19.09.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A buy position is envisaged if price trades above 91.15 with take profit at  91.56 Bearish Preference: A sell position is envisaged if price trades below price 89.75 with take profit at 89.32 Fundamentals:None with high impact Comment: Oil prices dipped on Monday as fears of a global recession caused concerns that fuel demand growth will …

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