Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 84.28 with take profit at 84.46.
Bearish Preference:
Sell position is envisaged if price trades below 83.01 with take profit at 82.78.
Fundamentals:
No Major Fundamental
Comment: Crude prices edged lower Friday, continuing the previous session’s selling after Russian President Vladimir Putin indicated that a group of top producers, known as OPEC+, could increase supply by more than had previously been announced.
Analysis: SCRUM Team
