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Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 81.56 with take profit at 81.74.
Bearish Preference:
Sell position is envisaged if price trades below 80.57 with take profit at 80.38.
Fundamentals:
None with high impact on the commodity
Comment: Oil prices rose on Friday, after wild swings the day before, as investor bet that potential coordinated releases by major economies of their official crude reserves may have less of an impact on markets than expected.
Analysis: SCRUM Team
