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Instrument: OILs
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 84.35 with take profit at 84.49
Bearish Preference:
A Sell position is envisaged if the price trades below 83.84 with take profit at 83.71
Fundamentals:
No major fundamental
Comment:
Oil prices have seesawed over the past weeks between fears of a recession hitting the United States amid inflation-fighting rate hikes and hopes for a pick-up in demand in China, the world’s top oil importer.
Analysis: SCRUM Team
