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, …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.26 with take profit at 73.55. Bearish Preference: Sell position is envisaged if price trades below 72.47 with take profit at 72.24. Fundamentals:None with high impact. Comment: Official US crude inventories followed the API data from the day before and posted a surprise increase in …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.42 with take profit at 74.66. Bearish Preference: Sell position is envisaged if price trades below 73.68 with take profit at 73.43. Fundamentals:No Major Fundamentals. Comment: Crude oil prices weakened Tuesday, with the growth of Covid cases, mainly in the U.K. but also a number of Asian …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.26 with take profit at 72.47 Bearish Preference: Sell position is envisaged if price trades below 71.47 with take profit at 71.26. Fundamentals:3:30PM USD Natural Gas Storage Comment: Oil prices fell on Thursday as inventory data in the United States, the world’s top oil consumer, showed a …
