Daily Market Analysis 21|09|2020: OIL
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 42.31 with take profit at 41.86. Alternative scenario: Buy position is envisaged if price trades above 42.69 with take profit at 43.30. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Black gold is envisaged to trade lower as the potential return …