Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 41.67 with take profit at 41.15 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No major economic data with bearing on the commodity Comment: The commodity is envisaged to trade lower in today’s session as Oil …
Intraday: Bearish Technical Analysis Preference: A Sell is in order if prices trade below 40.32 with take profit at 38.91. Alternative scenario: A buy is in order if price trades above 41.77 with take profit at 43.02 Fundamentals:No major economic data with direct bearing on the commodity Comment: Yesterday saw a drop in the prices of oil, the OPEC …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.38 with take profit at 44.00 Alternative scenario: Sell position is envisaged if price trades below 42.39 with take profit at 41.76 Fundamentals:No major economic data with direct bearing on the commodity Comment: Black gold is envisaged to benefit from the OPEC+ agreement on Saturday to extend the current …
