Daily Market Analysis 13/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.09  with take profit at 83.36 Bearish Preference: Sell position is envisaged if price trades below 82.52 with take profit at 82.28 Fundamentals:None with high impact on the commodity. Comment: Oil prices lost some froth on the inflation concerns although surging prices for power generation fuel …

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