Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 98.99 with take profit at 99.45.
Bearish Preference:
Sell position is envisaged if price trades below 98.20 with take profit at 97.76.
Fundamentals:
No major Fundamental.
Comment:
Crude oil prices rose sharply, as did European natural gas futures, amid fears that the new sanctions could disrupt energy flows out of Russia, even though they were tailored to avoid doing so.
Analysis: SCRUM Team
