Daily Market Analysis 17|06|2020: OIL

Intraday: Bullish

Technical Analysis

Preference: 
A Buy is in order if prices trade above 41.01 with take profit at 41.57.

Alternative scenario: 
Sell is in order if price trades below 39.62 with take profit at 38.74.

Fundamentals:
3:30pm USD Crude Oil Inventories

Comment: Technically, price is currently trading bullish and this move will be confirmed if price can break the resistance on the 15 mins. The Fundamental news by 3:30 pm could 
 also have an impact on oil. 

Analysis: SCRUM Team