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Instrument: OILS
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 110.90 with take profit at 111.39
Bearish Preference:
Sell position is envisaged if price trades below 108.80 with take profit at108.28
Fundamentals:
No major fundamental
Comment:
Oil prices slipped on Monday alongside equities and weighed down by a strong dollar and demand concerns on the back of continued coronavirus lockdowns in China, the world top oil importer.
Analysis: SCRUM Team
