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Daily Market Analysis 13.09.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 95.15 with take profit at 95.63 Bearish Preference: A Sell position is envisaged if price trades below price 93.45 with take profit at 93.03 Fundamentals:No major fundamental Comment: Crude oil prices rose to start the week as a softer US Dollar and supply concerns supported buying. However, …

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Daily Market Analysis 30.03.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.89 with take profit at 111.43 Bearish Preference: Sell position is envisaged if price trades below 108.98 with take profit at 108.62 Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices clawed back heavy losses to rise more than 2% on Wednesday on supply tightness and the growing …

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