Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 95.50 with take profit at 95.90. Bearish Preference: Sell position is envisaged if price trades below 94.20 with take profit at 93.89. Fundamentals:No high impact fundamental. Comment: Oil prices fell on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 97.52 with take Profit at 98.14 Bearish Preference: Sell position is envisaged if price trades below 96.29 with take Profit at 95.76 Fundamentals:None with high impact Comment:Oil prices dropped for a second session on Monday as weak China economic data triggered concerns about demand at the world’s …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 108.88 with take profit at 109.24 Bearish Preference: Sell position is envisaged if price trades below 107.27 with take profit at 106.90 Fundamentals:No major fundamental Comment: Oil prices rose for a fourth day on Friday as Russian supply disruption fears trumped COVID-19 lockdowns in China, the world’s …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.21 with take profit at 71.47. Bearish Preference: Sell position is envisaged if price trades below 70.59 with take profit at 70.36. Fundamentals:No major fundamental Comment: Investor worries were heightened by trade data from China, the world’s top oil importer, released on Monday. Imports grew 51.1% …
