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Daily Market Analysis 22/12/2021: OIL

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Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.84 with take profit at 75.33. Bearish Preference: Sell position is envisaged if price trades below 73.32 with take profit at 72.85. Fundamentals:None with high impact on the commodity. Comment: Oil prices were steady on Wednesday, with market players on the lookout for fuel demand pointers …

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Daily Market Analysis 02|02|2021: GOLD

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Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1845.65 with take profit at 1843.84. Bullish Preference: Buy is envisaged if price trades above 1859.06 with take profit at 1860.87. Fundamentals:No Major Fundamental Comment: Markets were buoyant ahead of negotiations Tuesday between U.S. President Joe Biden and Republican senators on a new COVID support bill. …

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