Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 84.86 with take profit at 85.03.
Bearish Preference:
Sell position is envisaged if price trades below 84.12 with take profit at 83.97.
Fundamentals:
3:30pm USD Crude Oil Inventories
Comment: Oil prices fell on Wednesday after the Chinese government stepped up efforts to tame record high coal prices and ensure coal mines operate at full capacity as Beijing moved to ease a power shortage.
Analysis: SCRUM Team
