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Daily Market Analysis 22.07.2022: OIL

Instrument: OILS

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 100.00 with take profit at  100.32
Bearish Preference: 
Sell position is envisaged if price trades  below 97.95 with take profit at 97.56
Fundamentals:
No major fundamentals

Comment: 
Oil prices climbed in Asia trading on Friday, rebounding from previous declines amid supply tightness and geopolitical tensions, even though weakened demand in the United States has cast a shadow on the market this week.

Analysis: SCRUM Team

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