Daily Market Analysis 16/08/2021: OILS
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 69.97 with take profit at 70.25. Bearish Preference: Sell position is envisaged if price trades below 68.45 with take profit at 68.13. Fundamentals:No major fundamental. Comment: Crude oil prices extended lower during Monday’s APAC mid-day session, marking a three-day decline of 2.35%. The release of poorer-than-expected …
