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monday

Daily Market Analysis 28|09|2020: OIL

Instrument: OIL Intraday: BULLISH Technical Analysis Preference:  BUY position is envisaged if price trades above 42.18 with take profit at 42.41 Alternative scenario: SELL position is envisaged if price trades below 42.07 with take profit at 41.92 Fundamentals:None with direct impact on the commodity Comment:  The commodity has been pressured recently by the rising number of cases around the world dampening …

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Daily Market Analysis 21|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price trades below 1.18417 with take profit at 1.18132 Alternative scenario: Buy position is envisaged if price trades above 1.18738 with take profit at 1.18983 Fundamentals:Fed Chair Powell Speaks (US) 3 PM Comment:  Economic data from the Eurozone have shown a rebound in recent times but with …

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Daily Market Analysis 14|09|2020: OIL

Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.08 with take profit at 40.70 Alternative scenario: Sell position is envisaged if price trades below 39.69 with take profit at 39.32 Fundamentals:No major economic data with bearing on the commodity. Comment: Black gold is envisaged to trade higher today as tropical storm Sally …

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Daily Market Analysis 14|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.18598 with take profit at 1.18898 Alternative scenario: Sell position is envisaged if price trades below 1.18402 with take profit at 1.18153 Fundamentals:No major economic data with bearing on the pair. Comment:  The Fed position has been bearish for the dollar over a couple …

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Daily Market Analysis 07|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 41.67 with take profit at 41.15 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No major economic data with bearing on the commodity Comment: The commodity is envisaged to trade lower in today’s session as Oil …

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Daily Market Analysis 07|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.18682 with take profit at 1.19059 Alternative scenario: Sell position is envisaged if price trades below 1.18222 with take profit at 1.17947 Fundamentals:No major economic data with bearing on the pair. Comment:  The broader sentiment on the greenback remain weak as Powell reiterated the …

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Daily Market Analysis 31|08|2020: OIL

Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 46.55 with take profit at 46.94 Alternative scenario: Sell position is envisaged if price trades below 46.22 with take profit at 45.65 Fundamentals:No major economic data with bearing on the commodity Comment: Black gold shrugged off the impact of the Hurricane of Friday and …

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Daily Market Analysis 24|08|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.18242 with take profit at 1.18687  Alternative scenario: Sell position is envisaged if price trades below 1.18016 with take profit at 1.17705 Fundamentals:No major economic data with direct bearing on the pair Comment: The Greenback recovered some lost ground against the common currency on …

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Daily Market Analysis 24|08|2020: OIL

Instrument: OIL Intraday: Bullish Technical Analysis Preference:  Buy position is envisaged if price trades above 44.75 with take profit at 45.00 Alternative scenario: Sell position is envisaged if price trades below 44.55 with take profit at 44.16 Fundamentals:No major economic data with direct bearing to this commodity    Comment:  Black gold is envisaged to close higher today, buoyed  by …

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