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Daily Market Analysis 10.06.2022: OIL

Instrument: OILs

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 123.08 with take profit at 123.27
Bearish Preference: 
Sell position is envisaged if price trades below price 121.92 with take profit at 121.71
Fundamentals:
No Major Fundamental

Comment:
Oil prices slipped on Friday but remained within touching distance of three-month highs as fears over new COVID-19 lockdown measures in Shanghai outweighed solid demand for fuels in the United States, the world’s top consumer.

Analysis: SCRUM Team

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