Daily Market Analysis 05.12.2023: OIL
Instrument: OIL Bullish Preference: A Buy position is envisaged if the price trades above 78.58 With Take profit at 79.09 Bearish Preference: A Sell position is envisaged if the price trades below 77.43 with Take profit at 76.91 Fundamentals:No major Fundamentals today on OIL Comment: The OPEC+ meeting last week failed to convince markets with the 2.2 million bpd seemingly …