Daily Market Analysis 10/09/2021: OIL
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.51 with take profit at 72.68. Bearish Preference: Sell position is envisaged if price trades below 71.86 with take profit at 71.69. Fundamentals: No major fundamentals Comment: Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks …