Oil daily analysis on April 16, 2021 will discuss the movement of oil prices up in market trading on April 15, 2021 yesterday, this price increase was caused by the global demand for Fuel Oil. This request is based on information from OPEC and the IEA, that slowly but surely the world economic recovery will soon be realized. This is reflected in the signs shown by the United States and China. For today's movement, Friday, April 16, 2021, it is estimated that oil prices will still try to continue their increase.
Forex Daily Analysis : April 23, 2021
The increase is based on positive predictions from OPEC (Organization of the Petroleum Countries) and also from the IEA (International Energy Agency), where the special institution and international organization give the view that world demand for fuel oil in 2021 will begin to improve. The focus of market participants today is on the release of American Rig activity data, which will be released by Baker Hughes International at 00:00 WIB early Saturday morning. The condition of the US Dollar currency in today's market trading is predicted to still strengthen compared to other major currencies. This strengthening is supported by good Retail Sales data that was released. Coupled with the positive weekly unemployment claim data. The release of the Retail Sales data is 9.8% higher than the prediction and the previous period which was only 5.8% and -2.7%. For Unemployment Claim data released 576K, it was lower than the prediction and the previous week's data which was only 703K and 769K. The solidity of this economic data is estimated because the implementation of the Covid-19 vaccination is running as planned and signs that the US economy is starting to move after the pandemic hits. The yield of bonds with long-term tenors is precisely in 10 years when the US government has decreased.
Forex Daily Analysis: April 14, 2021
Currently, the yield on all bonds with a tenor of 10 years is trading below the range of 160 basis points. As we all know in several market movements, when bond yields rise, the Dollar currency will also strengthen, as well as if bond yields decrease, the US Dollar currency will also weaken.
Gold Daily Analysis Prediction 
Today's prediction in OIL is expected to continue its increase, and the recommended OP (Open Position) is
BUY at the level of 63.50. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
| Preference |
BULLISH |
| Target Profit 1 |
63,60 |
| Target Profit 2 |
63,70 |
| Stop Loss 1 |
63,45 |
| Stop Loss 2 |
63,40 |
This the daily analysis of oil on April 16, 2021. Keep Money Management and Risk Management a priority in your trading. Visit GIC Indonesia to get information about the world of
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Gold Daily Analysis : April 26, 2021
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