Daily Market Analysis 08|02|2021: OIL
Instrument: OIL Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 60.20 with a take profit at 60.68. Bearish Preference: A Sell position is envisaged if price trades below price 59.36 with take profit at price 58.81. Fundamentals:No major fundamentals Comment: Oil started up Bullish this morning in Asia, with supply cuts by key producers and …