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Daily Market Analysis 03.08.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 101.41 with take profit at 101.92 Bearish Preference: Sell position is envisaged if price trades  below 98.29  with take profit at  97.63 Fundamentals:All Day   OPEC-JMMC Meetings Comment:Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output …

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Daily Market Analysis 22/12/2021: OIL

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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