Daily Market Analysis 17/11/2021: OIL
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.93 with take profit at 82.13. Bearish Preference: Sell position is envisaged if price trades below 81.49 with take profit at 81.33. Fundamentals:4:30pm Crude Oil Inventories Comment: Crude oil prices are on track to drop nearly 2% this week as US production ramps up. The weak price action comes …