Daily Market Analysis 17.05.2022: OIL
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 115.43 with take profit at 115.84 Bearish Preference: Sell position is envisaged if price trades below 113.11 with take profit at 112.70 Fundamentals:No Major Fundamental Comment: The price of oil climbs to a fresh monthly high ($114.69) even as the Organization of Petroleum Exporting Countries (OPEC) warns …