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Daily Market Analysis 20.07.2022: OIL

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 …

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Daily Market Analysis 27.06.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1841.79 with take profit at 1844.47 Bearish Preference: Sell position is envisaged if price trades  below 1832.15 with take profit at 1829.08 Fundamentals:1:30pm    USD Core Durable Goods Orders             Comment: Gold was up on Monday morning in Asia as some countries from …

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Daily Market Analysis 23.03.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 114.43 with take profit at  114.91. Bearish Preference: Sell position is envisaged if price trades below 111.50 with take profit at 111.01. Fundamentals: 3:30pm USD Crude Oil Inventories. Comment: Oil was up on Wednesday morning in Asia, with a draw in U.S. crude inventories increasing concerns about tight global supplies amid …

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Daily Market Analysis 23.02.2022:

Instrument: DE30 Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 14873.1 with take profit at 14997.9. Bearish Preference: A Sell position is envisaged if price trades below 14629.2 with take profit at 14527.2. Fundamentals:None with high impact Comment: Germany put a new Russian gas pipeline on ice and Britain hit Russian banks with sanctions as …

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Daily Market Analysis 09.02.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 91.33 with take profit at 91.60. Bearish Preference: Sell position is envisaged if price trades below 89.75 with take profit at 89.41. Fundamentals:4:30pm USD Crude Oil Inventories Comment: Brent and WTI slid about 2% on Tuesday, down for a second straight session, as Washington resumed …

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Daily Market Analysis 02.02.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 89.40 with take profit at 89.73 . Bearish Preference: Sell position is envisaged if price trades below 88.59 with take profit at 88.24. Fundamentals:4:30pm USD Crude Oil Inventories Comment: Oil prices climbed on Wednesday toward last week’s seven-year highs as a draw in U.S. crude stocks …

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Daily Market Analysis 28.01.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 88.94 with take profit at 89.22 . Bearish Preference: Sell position is envisaged if price trades below 88.36 with take profit at 87.99. Fundamentals:No major fundamental Comment: Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue …

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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 05/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 82.11 with take profit at 82.40 Bearish Preference: Sell position is envisaged if price trades below 81.01 with take profit at 80.69 Fundamentals:No major fundamental Comment: Oil prices climbed on Tuesday, hitting their highest levels in at least three years, extending gains triggered during the …

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