Daily Market Analysis 12|05|2021: OIL
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 69.65 with take profit at 69.80. Bearish Preference: Sell position is envisaged if price trades below 69.15 with take profit at 69.01. Fundamentals:3:30 pm USD Crude Oil Inventories Comment: Oil markets maintained their wait-and-see approach to the noise and tail-chasing seen elsewhere overnight. The Colonial pipeline cyberattack …