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Daily Market Analysis 13/10/2021: OIL

oil
Daily Analysis / Online Education

Daily Market Analysis 13/10/2021: OIL

Instrument: OILs

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 83.09  with take profit at 83.36
Bearish Preference: 
Sell position is envisaged if price trades below 82.52 with take profit at 82.28
Fundamentals:
None with high impact on the commodity.


Comment: Oil prices lost some froth on the inflation concerns although surging prices for power generation fuel such as coal and natural gas limited losses.

Analysis: SCRUM Team

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