Daily Market Analysis 10.08.2022: OIL
Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 96.08 with take profit at 96.49 Bearish Preference: Sell position is envisaged if price trades below 95.21 with take profit at 94.80 Fundamentals:No major fundamental Comment: Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude inventories unexpectedly …