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OPEC

Daily Market Analysis 23/06/2021: OIL

Instrument: Oils Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.70 with take profit at 74.88. Bearish Preference: Sell position is envisaged if price trades below 74.30 with take profit at 74.15. Fundamentals:3:30 pm USD Crude Oil Inventories Comment: Oil was up Wednesday morning in Asia as a strong economic rebound of key consumers boosted fuel demand and …

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Daily Market Analysis 03|06|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.03 with take profit at 72.40. Bearish Preference: Sell position is envisaged if price trades below 71.06 with take profit at 70.63. Fundamentals:USD 3:30PM   Natural Gas Storage   4:00PM   Crude Oil Inventories Comment: Oil prices rose for a third day on Thursday on expectations …

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Daily Market Analysis 02|06|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 70.86  with a take profit at price 71.21. Bearish Preference: A Sell position is envisaged if price trades below 69.86 with take profit at price 69.51. Fundamentals:No Major Fundamentals Comment: Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring …

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Daily Market Analysis 13|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy is envisage if price trades above 68.60 with take profit at 68.76. Bearish Preference: Sell is envisaged if price trades below 68.06 with take profit at 67.88. Fundamentals:None with high impact Comment: The demand for crude is outpacing supply, the International Energy Agency (IEA) said in its monthly report released on Wednesday. The …

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Daily Market Analysis 28|04|2021: OILS

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 66.23 with take profit at 66.44. Bearish Preference: Sell position is envisaged if price trades below 65.56 with take profit at 65.29. Fundamentals:3:30pm  USD Crude Oil Inventories Comment: Oil was down Wednesday morning in Asia, as investors digested an Organization of the Petroleum Exporting Countries and its …

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Daily Market Analysis 26|04|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above  64.83 with a take profit at price 65.29. Bearish Preference: A Sell position is envisaged if price trades below price 63.89 with a take profit at price 63.47. Fundamentals:No major fundamental. Comment: Crude oil prices fell slightly during Monday’s APAC session amid rising viral concerns. …

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Daily Market Analysis 06|04|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 63.39 with take profit at 64.24. Bearish Preference: Sell position is envisaged if price trades below 61.99 with take profit at 61.19. Fundamentals:No major fundamental  Comment:  Oil prices rose on Tuesday as investors looked for bargains following the previous day’s plunge of more than 4% …

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Daily Market Analysis 31|03|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged  if price trades above 64.86 with take profit at 65.08. Bearish Preference: Sell position is envisaged if price trades below 64.01 with take profit at 63.74. Fundamentals:3:30pm  USD Crude Oil Inventories Comment: Oil was up Wednesday morning in Asia, paring back losses from the previous session ahead of an Organization of …

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Daily Market Analysis 30|03|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 65.45 with take profit at 65.75. Bearish Preference: Sell position is envisaged if price trades below 64.32 with take profit at 63.63. Fundamentals:No major fundamentals. Comment: Oil was up Tuesday morning in Asia, as attention shifted from a container ship stuck in the Suez Canal to an …

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Daily Market Analysis 29|03|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  64.21 with a take profit at price 64.45. Bearish Preference: A Sell position is envisaged if price trades below price 63.00 with take profit at price 62.25. Fundamentals:No major Fundamentals  Comment:  Crude oil ended slightly lower last week with prices dropping roughly -1% to $60.72/bbl. …

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