Daily Market Analysis 02|06|2021: OIL
Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 70.86 with a take profit at price 71.21. Bearish Preference: A Sell position is envisaged if price trades below 69.86 with take profit at price 69.51. Fundamentals:No Major Fundamentals Comment: Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring …