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Daily Market Analysis 11.02.2022: OIL

Instrument: OILs

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 91.47 with take profit at 91.82.
Bearish Preference: 
Sell position is envisaged if price trades below 91.01 with take profit at 90.70.
Fundamentals:
No Major Fundamental

Comment: 
Oil prices eased on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply.

Analysis: SCRUM Team

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