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Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 114.66 with take profit at 114.89
Bearish Preference:
Sell position is envisaged if price trades below 113.47 with take profit at 113.17
Fundamentals:
No Major Fundamental
Comment:
Oil prices dipped on Friday but stayed near a two-month high, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of an EU ban on Russian oil and the upcoming U.S. summer driving season.
Analysis: SCRUM Team
