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Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 90.76 with take profit at 91.33
Bearish Preference:
Sell position is envisaged if price trades below 89.54 with take profit at 88.99
Fundamentals:
None with high impact
Comment:
Oil prices slid more than 1% on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption.
Analysis: SCRUM Team
