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Daily Market Analysis 15.11.2022: OIL

Instrument: OILs+ Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 94.02  with take profit at 94.60 Bearish Preference: Sell position is envisaged if price trades below 92.66 with take profit at 92.24  Fundamentals:2:30pm     CAD    CPI m/m                              CAD    Median CPI …

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USDCAD Analysis

Daily Market Analysis 26.10.2022: USDCAD

Instrument: USDCAD+ Technical Analysis Bullish Preference:  Buy position is envisaged if the price trades above 1.35777 with take profit at 1.36102 Bearish Preference: Sell position is envisaged if the price trades below 1.34987 with take profit at 1.34696 Fundamentals:3:00pm     CAD   BOC Monetary Policy                  CAD    BOC Rate Statement     Comment: Oil prices …

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Daily Market Analysis 18.10.2022: OIL

Instrument: OILS+ Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 92.69 with take profit at 92.87 Bearish Preference: Sell position is envisaged if price trades below 91.88 with take profit at 91.64 Fundamentals:No major fundamental Comment: Brent crude oil opened the week marginally lower after demand-side fears continue to overwhelm forecasts despite the recent OPEC+ supply cut announcement. …

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Daily Market Analysis 11.10.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 95.45 with take profit at 95.67 Bearish Preference: Sell position is envisaged if price trades below 94.69 with take profit at 94.46 Fundamentals:No major fundamental Comment: crude oil prices fell about 2.5 percent on Monday, the worst single-day performance since September 26th. This is despite an impressive almost …

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Daily Market Analysis 19.09.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A buy position is envisaged if price trades above 91.15 with take profit at  91.56 Bearish Preference: A sell position is envisaged if price trades below price 89.75 with take profit at 89.32 Fundamentals:None with high impact Comment: Oil prices dipped on Monday as fears of a global recession caused concerns that fuel demand growth will …

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Daily Market Analysis 05.09.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1.15149 with take profit at  1.15384. Bearish Preference: A Sell position is envisaged if price trades below price 1.14379 with take profit at 1.14168. Fundamentals:All Day USD Bank Holiday Comment: The U.S. dollar rose to a new two-decade high in early European trade Friday, while …

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Daily Market Analysis 30.08.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 103.66 with take profit at 103.96 Bearish Preference: A Sell position is envisaged if price trades below price 102.46 with take profit at 102.25 Fundamentals:No major fundamental Comment: Crude oil has recovered at the start of this week as supply issues continue to cause concern for energy …

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Daily Market Analysis 23.08.2022: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 0.99579 with take profit at 0.99902 Bearish Preference: A Sell position is envisaged if price trades below price 0.99008 with take profit at 0.98616 Fundamentals:2:45 PM Flash Services PMI Comment: The dollar marched to a new 20-year high as the euro slumped again with the prospect of an energy-driven …

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Daily Market Analysis 23.08.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 98.40 with take profit at 99.11 Bearish Preference: A Sell position is envisaged if price trades below price 96.42 with take profit at 95.87 Fundamentals:None with high impact Comment: Crude oil tried to go lower to start this week after speculation swirled that a US-Iran deal could …

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Daily Market Analysis 04.08.2022: OIL

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 …

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