Daily Market Analysis 10.08.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 96.08 with take profit at 96.49 Bearish Preference: Sell position is envisaged if price trades  below 95.21 with take profit at 94.80 Fundamentals:No major fundamental Comment: Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude inventories unexpectedly …

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