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Daily Market Analysis 19.01.2022: OIL

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Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 88.78 with take profit at 88.97. Bearish Preference: Sell position is envisaged if price trades below 87.37 with take profit at 87.09. Fundamentals:No major fundamental Comment: Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased …

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Daily Market Analysis 09/09/2021: OIL

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Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.71 with take profit at 72.83. Bearish Preference: Sell position is envisaged if price trades below 72.35 with take profit at 72.23. Fundamentals:USD 4:00PM Crude Oil Inventories Comment: U.S. production is struggling to recover from Hurricane Ida, “Extensive damage to infrastructure and power outages mean Ida has knocked …

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