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Daily Market Analysis 09|09|2020: OIL

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Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.13 with take profit at key level 40.94. Alternative scenario: Sell if price trades above 39.03  with take profit at 38.15. Fundamentals:No major economic data with bearing on the commodity Comment: Oil prices declined as there was decline in demand for crude oil products. …

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Daily Market Analysis 21|05|2020: GBPUSD

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Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.21816 with take profit at 1.21492 Alternative scenario: Buy position is envisaged if price trades above 1.22198 with take profit at 1.22358 Fundamentals:GBP  Flash Manufacturing PMI 9:30amGBP  Flash Services PMI 9:30amUSD  Flash manufacturing PMI 2:45pmUSD Fed. Chair Powell speaks 7:30pm Comment: The US gained very quickly late …

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