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OPEC

Daily Market Analysis 08/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.68 with take profit at 74.09. Bearish Preference: Sell position is envisaged if price trades below 72.75 with take profit at 72.27. Fundamentals:USD 3:30 PM Natural Gas Storage        4:00 PM Crude Oil Inventories Comment: Oil prices dropped Thursday, falling for the third consecutive session, on …

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Daily Market Analysis 07/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 75.41 with take profit at 75.61. Bearish Preference: Sell position is envisaged if price trades below 74.77 with take profit at 74.53. Fundamentals:None with a high impact on the commodity. Comment: Oil was mixed Wednesday morning in Asia, but remained above the $73 mark, as a production dispute between …

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Daily Market Analysis 06/07/2021: DE30

Instrument: DE30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15584.8 with take profit at 15612.9. Bearish Preference: Sell position is envisaged if price trades below 15529.3 with take profit at 15506.7. Fundamentals:10:00 am  EUR    ZEW Economic Sentiment      EUR    German ZEW Economic Sentiment Comment: European stock markets edged lower Monday, with investors keeping a wary eye on the …

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Daily Market Analysis 02/07/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14618.14 with take profit at 14632.40. Bearish Preference: Sell position is envisaged if price trades below 14558.76 with take profit at 14546.46. Fundamentals:1:30 pm USD    Average Hourly Earnings m/m                USD Non-Farm Employment Change                …

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Daily Market Analysis 02/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 75.89 with take profit at 76.08. Bearish Preference: Sell position is envisaged if price trades below 75.14 with take profit at 74.96. Fundamentals:All Day OPEC-JMMC Meetings Comment: Oil was up Friday morning in Asia, retaining its gains from the previous session after a disagreement within the …

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Daily Market Analysis 30/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.61 with take profit at 74.77. Bearish Preference: Sell position is envisaged if price trades below 74.24 with take profit at 74.11. Fundamentals:3:30pm    USD Crude Oil Inventories Comment: Oil was up Wednesday morning in Asia after the Organization of the Petroleum Exporting Countries and allies (OPEC+) …

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Daily Market Analysis 29/06/2021: OIL

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 …

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Daily Market Analysis 28/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 75.43 with a take profit at price 75.71. Bearish Preference: A Sell position is envisaged if price trades below price 74.98 with take profit at price 74.73 Fundamentals:No major fundamental Comment: Crude oil prices are trading at fresh two-and-half year highs during Monday’s APAC …

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Daily Market Analysis 25/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.94 with take profit at 75.11. Bearish Preference: Sell position is envisaged if price trades below 74.23 with take profit at 74.00. Fundamentals:No major fundamental Comment: Oil price met resistance in the past five days within $74.78 and $75.22 and has not since been able to climb …

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Daily Market Analysis 24/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.95 with take profit at 75.11. Bearish Preference: Sell position is envisaged if price trades below 74.55 with take profit at 74.39. Fundamentals:3:30 PM USD Natural Gas Storage Comment: Oil was up with continuously shrinking U.S. crude and fuel supplies contributing to the brightening fuel …

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