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Daily Market Analysis 13.04.2022: OIL

Instrument: OILs

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 105.88 with take profit at 106.57
Bearish Preference: 
Sell position is envisaged if price trades below 103.91 with take profit at 103.33  
Fundamentals:
3:30pm    USD Crude Oil Inventories

Comment: 
Oil prices edged up on Wednesday after Moscow said peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains.

Analysis: SCRUM Team

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