Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.95 with take profit at 74.54. Bearish Preference: Sell position is envisaged if price trades below 72.88 with take profit at 72.65. Fundamentals: No major fundamental. Comment: Earlier Last week OPEC decided to increase output by 400,000 barrels per day (bpd) for the month of October, in line with …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.76 with take profit at 71.99. Bearish Preference: Sell position is envisaged if price trades below 70.90 with take profit at 70.63. Fundamentals:No major fundamental Comment: Oil prices were steady on Thursday following two days of gains after a call from the United States, the …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1814.14 with take profit at 1816.11. Bearish Preference: Sell position is envisaged if price trades below 1810.44 with take profit at 1808.81. Fundamentals:USD 1:30PM Unemployment Claims …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.19 with take profit at 74.40. Bearish Preference: Sell position is envisaged if price trades below 73.44 with take profit at 73.22. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil rose towards $75 a barrel on Wednesday ahead of an industry report expected to show U.S. crude …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.64 with take profit at 73.88. Bearish Preference: Sell position is envisaged if price trades below 72.88 with take profit at 72.63. Fundamentals:None with high impact. Comment: Oil was up Friday morning in Asia, but was headed towards the biggest weekly decline since mid-March 2021. Worsening …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.68 with take profit at 74.09. Bearish Preference: Sell position is envisaged if price trades below 72.75 with take profit at 72.27. Fundamentals:USD 3:30 PM Natural Gas Storage 4:00 PM Crude Oil Inventories Comment: Oil prices dropped Thursday, falling for the third consecutive session, on …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.94 with take profit at 75.11. Bearish Preference: Sell position is envisaged if price trades below 74.23 with take profit at 74.00. Fundamentals:No major fundamental Comment: Oil price met resistance in the past five days within $74.78 and $75.22 and has not since been able to climb …
Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1797.90 with take profit at 1807.41. Bearish Preference: Sell position is envisaged if price trades below 1772.40 with take profit at 1766.77. Fundamentals:7:00pm USD Fed Chair Powell Testifies Comment: Gold was up on Tuesday morning in Asia against the dollar’s fall below the $92 mark. Investors digested comments …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.21 with take profit at 71.47. Bearish Preference: Sell position is envisaged if price trades below 70.59 with take profit at 70.36. Fundamentals:No major fundamental Comment: Investor worries were heightened by trade data from China, the world’s top oil importer, released on Monday. Imports grew 51.1% …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.74 with take profit at 71.86. Bearish Preference: Sell position is envisaged if price trades below 71.32 with take profit at 71.17. Fundamentals:No major fundamental. Comment: Looking ahead, traders will eye this week’s API and EIA crude oil reports for clues about the supply-demand relationship. The …
