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Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 76.88 with take profit at 77.17.
Bearish Preference:
Sell position is envisaged if price trades below 75.88 with take profit at 75.60.
Fundamentals:
No Major Fundamental
Comment: Brent crude futures snapped a three-day rally on Friday in light trade, with many investors away for the holidays, but the benchmark was still headed for a weekly gain, with the market focusing on the next step by OPEC+ and the impact of the Omicron variant.
Analysis: SCRUM Team
