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Daily Market Analysis 21.02.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 92.15 with take profit at 93.18. Bearish Preference: Sell position is envisaged if price trades below 90.30 with take profit at 89.87 Fundamentals:No major Fundamental. Comment: Fundamentals and geopolitics have pushed oil prices rallying by 20 percent so far this year to levels last seen …

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Daily Market Analysis 17.02.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 94.45 with take profit at 94.77. Bearish Preference: Sell position is envisaged if price trades below 92.61 with take profit at 92.00 Fundamentals:No Major Fundamentals Comment: Oil recovered some of its more than 2% fall in Asian trade on Thursday after Russian-backed rebels in eastern …

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Daily Market Analysis 15.02.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 93.43 with take profit at 93.76. Bearish Preference: Sell position is envisaged if price trades below 92.73 with take profit at 92.37. Fundamentals:No Major Fundamental Comment: Oil dropped from a seven-year high to around $94 a barrel on Tuesday, pressured by a report that some …

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Daily Market Analysis 26.01.2022: GOLD

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 88.16 with take profit at 88.48 . Bearish Preference: Sell position is envisaged if price trades below 87.41 with take profit at 87.04. Fundamentals:4:30pm USD Crude Oil Inventories Comment: Oil rose towards $89 a barrel on Wednesday, within sight of a seven-year high, supported by tight …

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Daily Market Analysis 24.01.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 87.89 with take profit at 88.23 . Bearish Preference: Sell position is envisaged if price trades below 87.22 with take profit at 86.86. Fundamentals:No major fundamental Comment: The price of oil falls back from a fresh yearly high ($87.10) amid an unexpected rise in US inventories, …

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Daily Market Analysis 07.01.2022: OILs

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 82.90 with take profit at 83.42. Bearish Preference: Sell position is envisaged if price trades below 82.20 with take profit at 81.74. Fundamentals:No Major Fundamental Comment: Oil is continuing to push higher as traders price in a modest economic impact from omicron. The OPEC+ meeting this …

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Daily Market Analysis 04.01.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 79.21 with take profit at 79.55. Bearish Preference: Sell position is envisaged if price trades below 78.54 with take profit at 78.33. Fundamentals:All Day All OPEC-JMMC Meetings Comment: Oil was up on Tuesday morning in Asia, but moves were small ahead of a major producers’ meeting …

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Daily Market Analysis 03/12/2021: OILs

Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.41 with take profit at 71.71. Bearish Preference: Sell position is envisaged if price trades below 70.09 with take profit at 69.70. Fundamentals: No fundamental in direct bearing to this commodity  Comment: Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of …

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Daily Market Analysis 25/11/2021: OILs

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.31 with take profit at 81.55. Bearish Preference: Sell position is envisaged if price trades below 80.57 with take profit at 80.28. Fundamentals:None with high impact on the commodity. Comment: Oil prices edged down on Thursday with investors waiting to see how major producers respond …

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Daily Market Analysis 24/11/2021: OILs

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 …

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