Skip to content 
Instrument: OIL
Intraday: BEARISH
Technical Analysis
Preference:
Sell position is envisaged if price trades below 39.62 with take profit at 39.32
Alternative scenario:
Buy when price trades above 40.22 with take profit 40.54
Fundamentals:
No Fundamentals.
Comment: Oil prices declined as there is a strong decline in demand for crude oil products. Prices have been pushing lower and it is expected that prices have consolidated at the 39$ price region and its expected to trade narrowly today.
Analysis: SCRUM Team
