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Daily Market Analysis 15/11/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.09 with take profit at 81.21 Bearish Preference: Sell position is envisaged if price trades below 80.65 with take profit at 80.53 Fundamentals:No major fundamental Comment: Oil retains a bullish outlook if the forecast horizon is several months, but the journey higher is not likely …

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Daily Market Analysis 08/11/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.83 with take profit at 84.02 Bearish Preference: Sell position is envisaged if price trades below 83.43 with take profit at 83.24 Fundamentals:No Major Fundamental Comment: Crude oil continued higher today as the reality of OPEC+ not adding to production output seems to be sinking …

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Daily Market Analysis 05/11/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.54 with take profit at 81.79 Bearish Preference: Sell position is envisaged if price trades below 80.57 with take profit at 80.35 Fundamentals:No Major Fundamental Comment: Oil prices rose on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, …

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Daily Market Analysis 21/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.89 with take profit at 75.19. Bearish Preference: Sell position is envisaged if price trades below 74.40 with take profit at 74.11. Fundamentals: No Major Fundamental. Comment: Crude prices also rebounded Tuesday, advancing after days of losses after indications that disruptions to crude output in the …

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Daily Market Analysis 20/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.25  with take profit at 74.45. Bearish Preference: Sell position is envisaged if price trades below 73.67 with take profit at 73.45. Fundamentals: No Major Fundamentals Comment: Surging energy prices in Europe are hurting more than just consumers. The price spikes have started to hit industrial activities, threatening to …

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Daily Market Analysis 15/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 74.92 with take profit at price 75.12. Bearish Preference: A sell position is envisaged if price trades below price 74.25 with take profit at price 74.09. Fundamentals: 3:30pm USD Crude Oil Inventories Comment: Oil prices climbed nearly $1 on Wednesday after industry data showed a larger than …

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Daily Market Analysis 14/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.24 with take profit at 74.39. Bearish Preference: Sell position is envisaged if price trades below 73.51 with take profit at 73.29. Fundamentals: No major fundamental. Comment: Oil prices hit a six-week high on Tuesday on concerns that another storm could affect output in Texas this week even …

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Daily Market Analysis 08/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.25 with take profit at 72.44. Bearish Preference: Sell position is envisaged if price trades below 71.43 with take profit at 71.25. Fundamentals:No major Fundamentals Comment: Oil prices fell on Tuesday morning as fears grew that Asian demand would not recover as quickly as originally expected. Supply disruptions …

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Daily Market Analysis 27/08/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.52  with take profit at 71.81. Bearish Preference: Sell position is envisaged if price trades below 70.92 with take profit at 70.32. Fundamentals: No major fundamental Comment: Oil prices rose on Friday, on track to post big gains for the week, on worries about supply disruptions …

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Daily Market Analysis 16/08/2021: OILS

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 69.97 with take profit at 70.25. Bearish Preference: Sell position is envisaged if price trades below 68.45 with take profit at 68.13. Fundamentals:No major fundamental. Comment: Crude oil prices extended lower during Monday’s APAC mid-day session, marking a three-day decline of 2.35%. The release of poorer-than-expected …

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