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Daily Market Analysis 21/07/2021: OIL

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Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.08 with take profit at 71.28. Bearish Preference: Sell position is envisaged if price trades below 69.88 with take profit at 69.68. Fundamentals:3:30pm    USD Crude Oil Inventories Comment: Crude oil prices followed risk assets higher, shaking off the first weekly rise in U.S. crude oil …

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Daily Market Analysis 08|07|2020: OIL

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Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.18 with take profit at 43.61. Alternative scenario: Sell position is envisaged if price trades below 42.63 with take profit at 42.26. Fundamentals:Crude Oil Inventories (US) 3:30 PM Comment: Black gold closed bearish in the session yesterday as report from the American Petroleum Institute …

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