Daily Market Analysis 02.08.2022: OIL
Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 100.40 with take profit at 100.83 Bearish Preference: Sell position is envisaged if price trades below 98.34 with take profit at 97.88 Fundamentals:No major fundamental Comment: Oil prices edged lower on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global …
