Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 110.25 with take profit at 110.57
Bearish Preference:
Sell position is envisaged if price trades below 108.07 with take profit at 107.72
Fundamentals:
No major fundamental
Comment:
Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand.
Analysis: SCRUM Team
