Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 82.11 with take profit at 82.40
Bearish Preference:
Sell position is envisaged if price trades below 81.01 with take profit at 80.69
Fundamentals:
No major fundamental
Comment: Oil prices climbed on Tuesday, hitting their highest levels in at least three years, extending gains triggered during the previous session after the world’s major oil producers announced they had decided to keep a cap on crude supplies. Oil prices climbed on Tuesday, hitting their highest levels in at least three years, extending gains triggered during the previous session after the world’s major oil producers announced they had decided to keep a cap on crude supplies.
Analysis: SCRUM Team