Daily Market Analysis 10.05.2022: OIL
Instrument: OILS Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 106.66 with take profit at 107.28 Bearish Preference: Sell position is envisaged if price trades below 105.16 with take profit at 104.74 Fundamentals:No major fundamental Comment: China’s COVID situation, rising rates and growing recession risks are not helping risk assets,” Warren Patterson, head of ING commodities research, …