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Daily Market Analysis 25|05|2021: EURGBP

Instrument: EURGBP Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.86571 with take profit at 0.86673. Bearish Preference: Sell position is envisaged if price trades below 0.86457 with take profit at 0.86341. Fundamentals:No Major Fundamentals Comment: Coronavirus cases have been picking up in the UK. Britain had been leading the vaccine drive among large economies and also …

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Daily Market Analysis 21|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 42.31 with take profit at 41.86. Alternative scenario: Buy position is envisaged if price trades above 42.69 with take profit at 43.30.  Fundamentals:No major economic data with direct bearing to this commodity. Comment: Black gold is envisaged to trade lower as the potential return …

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Daily Market Analysis 09|09|2020: OIL

Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.13 with take profit at key level 40.94. Alternative scenario: Sell if price trades above 39.03  with take profit at 38.15. Fundamentals:No major economic data with bearing on the commodity Comment: Oil prices declined as there was decline in demand for crude oil products. …

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