Instrument: OILs
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 74.86 with take profit at 75.18.
Bearish Preference:
A Sell position is envisaged if the price trades below price 74.17 with take profit at 73.87.
Fundamentals:
None with high impact
Comment:
Oil prices crept lower in early Asian trade on Wednesday as industry data pointed to another week of rising inventories in the world’s largest crude consumer, while an upcoming Federal Reserve interest rate decision spurred cautious plays.
Analysis: SCRUM Team
