Daily Market Analysis 05.05.2022: OIL
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 112.39 with take profit at 112.83 Bearish Preference: Sell position is envisaged if price trades below 110.44 with take profit at 110.09 Fundamentals:All Day- OPEC-JMMC Meetings Comment: Five OPEC+ delegates said the group was set to agree to increase its June output target by 432,000 barrels per …
