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Daily Market Analysis 27.02.2023: OIL

Instrument: OILs

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if the price trades above 82.68 with take profit at 82.86
Bearish Preference: 
A Sell position is envisaged if the price trades below 81.97 with take profit at 81.78
Fundamentals:
No major fundamental

Comment: 
Oil prices inched lower in volatile trade on Monday, as a stronger dollar and fears of recession risks offset gains arising from Russia’s plans to deepen oil supply cuts.

Analysis: SCRUM Team

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