Daily Market Analysis 11/08/2021: OILS
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 70.40 with take profit at 70.59. Bearish Preference: Sell position is envisaged if price trades below 69.36 with take profit at 69.16. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil fell below $70 a barrel on Wednesday, pressured by a CNBC report that the White House will call …