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Daily Market Analysis 02.08.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 100.40 with take profit at 100.83 Bearish Preference: Sell position is envisaged if price trades  below 98.34 with take profit at 97.88 Fundamentals:No major fundamental Comment: Oil prices edged lower on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global …

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Daily Market Analysis 01.08.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 103.80 with take Profit at 104.33 Bearish Preference: Sell position is envisaged if price trades  below 102.45 with take Profit at 101.81 Fundamentals:No major fundamentals Comment:Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while …

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Daily Market Analysis 25.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 97.95 with take Profit at 98.70 Bearish Preference: Sell position is envisaged if price trades  below 96.56 with take Profit at 95.78 Fundamentals:No Major Fundamental Comment:Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken …

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Daily Market Analysis 21.07.2022: OIL

Instrument: OILS Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above  103.96  with Take Profit at 105.01 Bearish Preference: Sell position is envisaged if price trades  below 101.55 with Take Profit at 99.76 Fundamentals: No major fundamentals in direct bearing to this instrument. Comment: Oil prices fell by more than $5 on Thursday after higher U.S. gasoline stockpiles stoked …

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Daily Market Analysis 12.07.2022: OIL

Instrument: OIL Technical Analysis: Bullish Preference: Buy position is envisaged if price trades above 105.80 with take profit at 106.22 Bearish Preference: Sell position is envisaged if price trades  below 104.55 with take profit at 104.15 Fundamentals: No major fundamental Crude oil prices washed out towards $94/barrel last week, a floor under the market ever …

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Daily Market Analysis 11.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 106.24 with take profit at 106.62 Bearish Preference: Sell position is envisaged if price trades below price 104.20 with take profit at 103.90 Fundamentals:No Major fundamental Comment:Oil prices fell on Monday in volatile trade, reversing some gains from the previous session as markets braced for new mass …

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Daily Market Analysis 08.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 106.59 with take Profit at 107.21. Bearish Preference: Sell position is envisaged if price trades below price 103.54 with take Profit at 102.93. Fundamentals:No major fundamentals Comment:Oil prices edged slightly higher in volatile Asian trade on Friday, reversing earlier losses as the market weighed up …

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Daily Market Analysis 05.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above114.06 with take profit at 114.67 Bearish Preference: Sell position is envisaged if price trades below price 112.03 with take profit at 111.45 Fundamentals:No Major Fundamental Comment:Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand …

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Daily Market Analysis 04.07.2022:

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 113.83 with take profit at 114.46 Bearish Preference: Sell position is envisaged if price trades below price 112.94 with take profit at 112.49 Fundamentals:No Major Fundamental Comment:Oil was little changed on Monday as fears of a global recession that would hit demand were balanced by concerns of …

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Daily Market Analysis 30.06.2022: OIL

Instrument: OILS Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 113.20 with take profit at 114.01 Bearish Preference: Sell position is envisaged if price trades below price 111.77 with take profit at 110.66 Fundamentals:All Day OPEC Meetings Comment:Oil dips as market weighs supply concerns, fuel stocks build. Oil prices edged lower in volatile trading on Thursday …

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