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 …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 76.74 with take profit at 76.96. Bearish Preference: Sell position is envisaged if price trades below 76.07 with take profit at 75.92. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices steadied after data showed that China’s first-half crude imports dropped 3% from January to June versus …
Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 68.36 with take profit at 68.64. Bearish Preference: Sell position is envisaged if price trades below 67.91 with take profit at 67.63. Fundamentals:No major fundamental Comment: Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as …
