Daily Market Analysis 04.05.2023: OIL
Instrument: OILs Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 73.41 with take profit at 75.01. Bearish Preference: A sell position is envisaged if the price trades below 71.66 with take profit at 70.27. Fundamentals:1:30pm USD Unemployment Claims Comment: Oil prices rose on Thursday but were unable to claw back much of this week’s more than …