Daily Market Analysis 17|05|2021: OIL
Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 69.08 with a take profit at price 69.43. Bearish Preference: A Sell position is envisaged if price trades below price 68.19 with a take profit at price 67.87. Fundamentals:No major fundamental. Comment: Crude oil prices were muted during the Asia-Pacific mid-day session after surging 2.6% …