Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 97.50 with Take Profit at 98.70 Bearish Preference: Sell position is envisaged if price trades below 96.10 with Take Profit at 95.20 Fundamentals:No major fundamental Comment:OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should the world …
Instrument: OILS Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 107.71 with take profit at 108.59 Bearish Preference: Sell position is envisaged if price trades below 105.13 with take profit at 104.46 Fundamentals:1:30pm CAD CPI m/m Comment:Russia held its spot as China’s top oil supplier for a second month in June as Chinese buyers cashed in …
Instrument: OILS Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 114.48 with take profit at 115.30 Bearish Preference: Sell position is envisaged if price trades below 112.56 with take profit at 112.09 Fundamentals:All Day OPEC Meetings Comment: Oil rose more than 2% on Tuesday as concerns over tight supplies due to Western sanctions on Russia outweighed fears of …
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 …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.81 with take profit at 73.02. Bearish Preference: Sell position is envisaged if price trades below 72.18 with take profit at 71.99. Fundamentals: No major Fundamentals Comment: Oil prices were mixed on Tuesday as some investors scooped up bargains following recent losses, while Saudi Arabia’s sharp cuts in …
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 …
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+) …
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 …
Instrument: OIL Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below price 62.16 with a take profit at price 60.05. Bullish Preference: A Buy position is envisaged if price trades above price 63.80 with take profit at price 64.70. Fundamentals:No major fundamentals Comment: OPEC’s crude production plunged last month as Saudi Arabia delivered extra cutbacks …
Instrument: OIL Technical Analysis Bullish Preference: Buy is envisage if price trades above 61.34 with take profit at 61.55 Bearish Preference: Sell is envisaged if price trades below 60.80 with take profit at 60.37 Fundamentals:No fundamentals Comment: Global COVID-19 vaccine rollouts that began at the end of 2020, large stimulus packages and cuts in supply by producers have all …
