Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 84.34 with take profit at 84.58
Bearish Preference:
Sell position is envisaged if price trades below 83.42 with take profit at 83.23
Fundamentals:
No major fundamental
Comment: Oil rose further above $84 a barrel on Friday, within sight of a multi-year high hit this week, as expectations OPEC and its allies will keep supply tight countered rising U.S. inventories and the prospect of more Iranian exports.
Analysis: SCRUM Team