Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 74.81 with take profit at 74.96.
Bearish Preference:
Sell position is envisaged if price trades below 74.18 with take profit at 73.93.
Fundamentals: 3:30pm USD Crude Oil Inventories
Comment: Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves.
Analysis: SCRUM Team