Daily Market Analysis 22|05|2020: OIL
Intraday: Bullish Technical Analysis Preference:Buy position is envisaged if price trades above 34.90 with take profit at 35.30 Alternative scenario: Sell position is envisaged if price trades below 32.89 with take profit at 32.20 Fundamentals:Baker Hughes Rig Count (US) 6pm Comment: The instrument has been over bought this week eventually setting a new high and the resistance at 36.90 proving …