Skip to content 
Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 67.93 with take profit at 68.15.
Bearish Preference:
Sell position is envisaged if price trades below 67.33 with take profit at 67.12.
Fundamentals:
No Major Fundamental.
Comment: Oil prices slipped Tuesday, with the markets seemingly expecting only minor localized disruption to U.S. supplies from Friday’s cyber attack on a major pipeline operator.
Colonial Pipeline, the largest fuel pipeline in the United States, said Monday it expects to “substantially” restore operational service by the end of the week. Already segments of its Texas-to-New Jersey line are being brought back online, easing some of the most immediate concerns that the major population centers on the U.S. East Coast could be affected.
Analysis: SCRUM Team
