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oil prices

Daily Market Analysis 06.07.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 105.99 with Take Profit at 106.90 Bearish Preference: Sell position is envisaged if price trades  below 104.33 with Take Profit at 103.70 Fundamentals:No major fundamental Comment: Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market …

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Daily Market Analysis 05.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above114.06 with take profit at 114.67 Bearish Preference: Sell position is envisaged if price trades below price 112.03 with take profit at 111.45 Fundamentals:No Major Fundamental Comment:Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand …

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Daily Market Analysis 29.06.2022: US30

Instrument: US30 Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 31025 with take profit at 31109 Bearish Preference: Sell position is envisaged if price trades below price 30853 with take profit at 30799 Fundamentals:2:30pm USD  Fed Chair Powell Speaks Comment:Markets dropped after a promising start to the day, as risk assets suffered on Tuesday amidst signs …

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Daily Market Analysis 28.06.2022: OIL

Instrument: OILS Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 113.26 with take profit at 113.78 Bearish Preference: Sell position is envisaged if price trades below price 111.83 with take profit at 111.49 Fundamentals:3:00PM    US DOLLARS:  Crude Oil Inventories             Comment:Crude oil prices were trading higher through early Asia-Pacific trading on …

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Daily Market Analysis 27.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 110.36 with take profit at 111.26 Bearish Preference: Sell position is envisaged if price trades below price 108.37 with take profit at 107.39 Fundamentals:Tentative USD Crude Oil Inventories             Comment:Oil prices edged down on Monday in a volatile session as investors …

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Daily Market Analysis 17.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 120.88 with take profit at 121.12 Bearish Preference: Sell position is envisaged if price trades  below 119.95 with take profit at 119.72 Fundamentals:No major fundamentals Comment: Oil prices edged lower on Friday as demand concerns emerged following this week’s rate hikes, although persisting supply tightness and new …

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Daily Market Analysis 10.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 123.08 with take profit at 123.27 Bearish Preference: Sell position is envisaged if price trades below price 121.92 with take profit at 121.71 Fundamentals:No Major Fundamental Comment:Oil prices slipped on Friday but remained within touching distance of three-month highs as fears over new COVID-19 lockdown …

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Daily Market Analysis 07.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 120.83 with take profit at 121.22 Bearish Preference: Sell position is envisaged if price trades  below 119.45 with take profit at 119.04 Fundamentals:No Major Fundamental Comment: Crude oil prices have sustained their recent move higher following news that OPEC+ would increase oil production in July and August …

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Daily Market Analysis 06.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 121.75 with take profit at 123.17 Bearish Preference: Sell position is envisaged if price trades below price 19.40 with take profit at 118.63 Fundamentals: No Major Fundamental  Comment:Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid …

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Daily Market Analysis 02.06.2022: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.06976 with take profit at  1.07071 Bearish Preference: Sell position is envisaged if price trades below price 1.06777 with take profit at 1.06646 Fundamentals:1:15pm    USD ADP Non-Farm                    Employment Change1:30pm   USD Unemployment            …

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