Daily Market Analysis 12.07.2022: OIL

Instrument: OIL Technical Analysis: Bullish Preference: Buy position is envisaged if price trades above 105.80 with take profit at 106.22 Bearish Preference: Sell position is envisaged if price trades  below 104.55 with take profit at 104.15 Fundamentals: No major fundamental Crude oil prices washed out towards $94/barrel last week, a floor under the market ever …

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