Daily Market Analysis 12.05.2023: OIL
Instrument: OIL Technical Analysis Bullish Preference: A buy position is envisaged if price trades above 74.92 with take profit at 75.11 Bearish Preference: A sell position is envisaged if price trades below 74.26 with take profit at 74.05 Fundamentals:No major Fundamentals Comment: Crude oil is steady at the start of trade on Friday after retreating overnight with the US Dollar finding …