Instrument: OILs
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 82.68 with take profit at 82.86
Bearish Preference:
A Sell position is envisaged if the price trades below 81.97 with take profit at 81.78
Fundamentals:
No major fundamental
Comment:
Oil prices inched lower in volatile trade on Monday, as a stronger dollar and fears of recession risks offset gains arising from Russia’s plans to deepen oil supply cuts.
Analysis: SCRUM Team