Instrument: OIL Technical Analysis Bullish Preference: A buy position is envisaged if price trades above 92.93 with take profit at 93.30 Bearish Preference: A sell position is envisaged if price trades below price 91.75 with take profit at 91.46 Fundamentals:None with high impact Comment: Crude oil has recovered from yesterday’s dip to be trading near to where it started the week. The …
Instrument: OIL Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 95.15 with take profit at 95.63 Bearish Preference: A Sell position is envisaged if price trades below price 93.45 with take profit at 93.03 Fundamentals:No major fundamental Comment: Crude oil prices rose to start the week as a softer US Dollar and supply concerns supported buying. However, …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 104.55 with take profit at 105.14. Bearish Preference: Sell position is envisaged if price trades below 102.41 with take profit at 101.57 . Fundamentals:None with high impact Comment: Both Brent and WTI last week registered their biggest weekly declines for about a month on fears of a …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 95.77 with take profit at 96.04. Bearish Preference: Sell position is envisaged if price trades below 95.09 with take profit at 94.85. Fundamentals:No major Fundamental. Comment: All energy markets are trading higher and WTI crude oil hit a new peak of US$ 94.94 bbl and Brent …
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 …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.26 with take profit at 73.50. Bearish Preference: Sell position is envisaged if price trades below 72.47 with take profit at 72.24. Fundamentals:None with high impact. Comment: Both Brent and WTI futures remained above the $70-mark, and prices were almost unchanged as the week draws …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 22.22 with take profit at 23.82. Alternative scenario: Sell position is envisaged if price trades below 19.74 with take profit at 18.01 Fundamentals:No major economic data expected today Comment: Yesterday Oil plummeted to historic level as we saw future prices for May and June contract …
Intraday: Bearish Technical Analysis Preference: A Sell position is envisaged if price trades below 24.19 with take profit at 23.3.0 Alternative scenario: Buy position is envisaged if price trades above 25.81 with take profit at 26.47 Fundamentals:No major economic data expected today Comment: The commodity has been on a downward spiral. This because the pandemic and destabilized the economy …
