Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 77.19 with take profit at 77.57
Bearish Preference:
Sell position is envisaged if price trades below 75.61 with take profit at 75.21
Fundamentals:
No Major Fundamental.
Comment:
Oil prices bounced higher on Friday as closure of a major Canada-to-U.S. crude pipeline disrupted supplies, but both benchmarks were headed for a weekly loss on worries over slowing global demand growth.
Analysis: SCRUM Team
