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Daily Market Analysis 06.07.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 105.99 with Take Profit at 106.90 Bearish Preference: Sell position is envisaged if price trades  below 104.33 with Take Profit at 103.70 Fundamentals:No major fundamental Comment: Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market …

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Daily Market Analysis 31|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 69.75 with a take profit at price 70.05. Bearish Preference: A Sell position is envisaged if price trades below 68.85 with take profit at  68.63 Fundamentals:No major fundamental. Comment: Crude oil prices traded slightly higher during the Asia-Pacific mid-day session after registering a 4.3% gain last …

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