Daily Market Analysis 21.07.2022: OIL
Instrument: OILS Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 103.96 with Take Profit at 105.01 Bearish Preference: Sell position is envisaged if price trades below 101.55 with Take Profit at 99.76 Fundamentals: No major fundamentals in direct bearing to this instrument. Comment: Oil prices fell by more than $5 on Thursday after higher U.S. gasoline stockpiles stoked …