Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.88 with take profit at 82.18. Bearish Preference: Sell position is envisaged if price trades below 80.96 with take profit at 80.67. Fundamentals:4:30pm USD Crude Oil Inventories. Comment: Oil prices rose to a one-week high on Tuesday after a move by the United States and …
Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1811.11 with take profit at 1813.44. Bearish Preference: Sell position is envisaged if price trades below 1804.01 with take profit at 1802.07. Fundamentals:No major fundamental. Comment: Gold was down on Wednesday morning in Asia. The dollar strengthened and fears about the recent surge in COVID-19 cases …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21157 with take profit at 1.21273. Bearish Preference: Sell position is envisaged if price trades below 1.20977 with take profit at 1.20852. Fundamentals:1:30PM USD Prelim GDP q/q USD Unemployment Claims3:30pm USD Pending Home Sales m/m Comment: Oil prices fell on Thursday but stayed within …
Instrument: OILs Technical Analysis Bullish Preference: A buy is envisaged if price trades above 67.15 with take profit at 67.41. Bearish Preference: A sell is envisaged if price trades below 66.23 with take profit at 65.93. Fundamentals:None with high Impact Comment: Oil futures pulled back Friday, with weakness tied to worries over the global economic outlook, but remained on track …
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 …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 68.05 with take profit at 68.38 Bearish Preference: Sell position is envisaged if price trades below 66.94 with take profit at 66.25. Fundamentals:No major Fundamental Comment: Spot cash premiums for June-loading barrels of Malaysian and Vietnamese crude oil have eased on the month amid demand concerns …
Instrument: OIL Technical Analysis Bearish Preference: A Sell is envisaged if price trades below 67.45 with take profit at 66.71. Bullish Preference: A buy is envisaged if the price trades above 68.71 with take profit at 69.29. Fundamentals:2.30PM – USD Non-Farm Employment Change USD Average Hourly Earnings m/m USD Unemployment Rate …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.13 with take profit at key level 40.94. Alternative scenario: Sell if price trades above 39.03 with take profit at 38.15. Fundamentals:No major economic data with bearing on the commodity Comment: Oil prices declined as there was decline in demand for crude oil products. …
