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Daily Market Analysis 25/11/2021: OILs

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Daily Analysis / Online Education

Daily Market Analysis 25/11/2021: OILs

Instrument: OILs

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 81.31 with take profit at 81.55.
Bearish Preference: 
Sell position is envisaged if price trades below 80.57 with take profit at 80.28.
Fundamentals:
None with high impact on the commodity.

Comment: Oil prices edged down on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand.

Analysis: SCRUM Team

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