Daily Market Analysis 06|05|2021: OIL
Instrument: OILs Technical Analysis Bullish Preference: Buy is envisage if price trades above 69.39 with take profit at 69.57. Bearish Preference: Sell is envisaged if price trades below 68.78 with take profit at 68.57. Fundamentals:None with high Impact Comment: Crude oil supply data from the U.S. Energy Information Administration (EIA) showed a draw of 7.990 million barrels for the week to …