Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 105.88 with take profit at 106.57
Bearish Preference:
Sell position is envisaged if price trades below 103.91 with take profit at 103.33
Fundamentals:
3:30pm USD Crude Oil Inventories
Comment:
Oil prices edged up on Wednesday after Moscow said peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains.
Analysis: SCRUM Team
