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Daily Market Analysis 27.05.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 114.66 with take profit at 114.89 Bearish Preference: Sell position is envisaged if price trades below 113.47 with take profit at 113.17 Fundamentals:No Major Fundamental Comment: Oil prices dipped on Friday but stayed near a two-month high, with Brent crude on track for its biggest weekly jump in 1-1/2 months, …

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Daily Market Analysis 27/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.16059 with take profit at 1.16125. Bearish Preference: Sell position is envisaged if price trades below 1.15824 with take profit at 1.15736. Fundamentals:1:30pm USD Core Durable Goods Order Comment: EUR/USD has been moving up and down in a tight channel around 1.1600 since Tuesday with investors …

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Daily Market Analysis 11/06/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above  14013.80  with take profit at 14032.43. Bearish Preference: Sell position is envisaged if price trades below 13919.59 with take profit at 13893.42. Fundamentals:3:00pm    USD    Prelim UoM Consumer Sentiment Comment: U.S. stock index futures rose on Friday after inflation data calmed concerns over a possible long-term spike in …

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Daily Market Analysis 27|05|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21157 with take profit at 1.21273. Bearish Preference: Sell position is envisaged if price trades below 1.20977 with take profit at 1.20852. Fundamentals:1:30PM USD Prelim GDP q/q              USD Unemployment Claims3:30pm USD Pending Home Sales m/m Comment: Oil prices fell on Thursday but stayed within …

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Daily Market Analysis 06|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy is envisage if price trades above 69.39 with take profit at 69.57. Bearish Preference: Sell is envisaged if price trades below 68.78 with take profit at 68.57. Fundamentals:None with high Impact Comment: Crude oil supply data from the U.S. Energy Information Administration (EIA) showed a draw of 7.990 million barrels for the week to …

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