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Daily Market Analysis 25.03.2022: OIL

Instrument: OILs

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 114.23 with a take profit at 114.82.
Bearish Preference: 
Sell position is envisaged if price trades below 111.36 with a take profit at 110.86.
Fundamentals:
No Major Fundamental

Comment: 
Oil prices slipped on Friday, with some supply concerns easing after a partial export resumption from Kazakhstan’s CPC crude terminal, while the European Union remained split on whether to impose an oil embargo on Russia.

Analysis: SCRUM Team

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