Daily Market Analysis 12.01.2022: OIL
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 84.57 with take profit at 85.28 . Bearish Preference: Sell position is envisaged if price trades below 82.86 with take profit at 82.16. Fundamentals:4:30pm USD Crude Oil Inventories Comment: Oil prices hit two-month highs on Wednesday on tight supply and easing concerns about the potential hit to demand …