Daily Market Analysis 04.08.2022: OIL
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 97.50 with Take Profit at 98.70 Bearish Preference: Sell position is envisaged if price trades below 96.10 with Take Profit at 95.20 Fundamentals:No major fundamental Comment:OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should the world …
