Daily Market Analysis 06.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 121.75 with take profit at 123.17 Bearish Preference: Sell position is envisaged if price trades below price 19.40 with take profit at 118.63 Fundamentals: No Major Fundamental  Comment:Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid …

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