Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 123.08 with take profit at 123.27
Bearish Preference:
Sell position is envisaged if price trades below price 121.92 with take profit at 121.71
Fundamentals:
No Major Fundamental
Comment:
Oil prices slipped on Friday but remained within touching distance of three-month highs as fears over new COVID-19 lockdown measures in Shanghai outweighed solid demand for fuels in the United States, the world’s top consumer.
Analysis: SCRUM Team
