Daily Market Analysis 01.08.2022: OIL
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 103.80 with take Profit at 104.33 Bearish Preference: Sell position is envisaged if price trades below 102.45 with take Profit at 101.81 Fundamentals:No major fundamentals Comment:Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while …