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Daily Market Analysis 14/10/2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 84.43 with take profit at 84.55 Bearish Preference: Sell position is envisaged if price trades below 84.05 with take profit at 83.89 Fundamentals:4:00pm Crude Oil Inventories Comment: The American Petroleum Institute (API) said on Wednesday U.S. crude stockpiles rose by 5.2 million barrels for the …

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Daily Market Analysis 23/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 75.22 with take profit at 75.39. Bearish Preference: Sell position is envisaged if price trades below 74.72 with take profit at 74.60. Fundamentals: No Major Fundamental Comment: Crude oil prices fell slightly after the Energy Information Administration reported yet another inventory draw, of 3.5 million barrels, …

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Daily Market Analysis 15/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 74.92 with take profit at price 75.12. Bearish Preference: A sell position is envisaged if price trades below price 74.25 with take profit at price 74.09. Fundamentals: 3:30pm USD Crude Oil Inventories Comment: Oil prices climbed nearly $1 on Wednesday after industry data showed a larger than …

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