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Daily Market Analysis 23/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 75.22 with take profit at 75.39. Bearish Preference: Sell position is envisaged if price trades below 74.72 with take profit at 74.60. Fundamentals: No Major Fundamental Comment: Crude oil prices fell slightly after the Energy Information Administration reported yet another inventory draw, of 3.5 million barrels, …

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Daily Market Analysis 21/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.89 with take profit at 75.19. Bearish Preference: Sell position is envisaged if price trades below 74.40 with take profit at 74.11. Fundamentals: No Major Fundamental. Comment: Crude prices also rebounded Tuesday, advancing after days of losses after indications that disruptions to crude output in the …

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Daily Market Analysis 16/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 75.68 with take profit at price 75.86. Bearish Preference: A sell position is envisaged if price trades below price 75.09 with take profit at price 74.85. Fundamentals: No major fundamental Comment: Oil and fuel stockpiles dropped sharply last week, as refiners in the U.S. Gulf region and …

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Daily Market Analysis 14/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.24 with take profit at 74.39. Bearish Preference: Sell position is envisaged if price trades below 73.51 with take profit at 73.29. Fundamentals: No major fundamental. Comment: Oil prices hit a six-week high on Tuesday on concerns that another storm could affect output in Texas this week even …

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Daily Market Analysis 08/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.25 with take profit at 72.44. Bearish Preference: Sell position is envisaged if price trades below 71.43 with take profit at 71.25. Fundamentals:No major Fundamentals Comment: Oil prices fell on Tuesday morning as fears grew that Asian demand would not recover as quickly as originally expected. Supply disruptions …

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Daily Market Analysis 27/08/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.52  with take profit at 71.81. Bearish Preference: Sell position is envisaged if price trades below 70.92 with take profit at 70.32. Fundamentals: No major fundamental Comment: Oil prices rose on Friday, on track to post big gains for the week, on worries about supply disruptions …

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