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Daily Market Analysis 21.10.2022: OIL

Instrument: OILs

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 90.71 with take profit at 90.92
Bearish Preference: 
Sell position is envisaged if price trades below 89.97 with take profit at 89.71
Fundamentals:
No high-impact fundamental

Comment: 
European stock markets are expected to open lower Friday, as rising bond yields reinforced expectations of an economic slowdown while U.K. political turmoil continued.

Analysis: SCRUM Team

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