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Instrument: OILs
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 86.94 with take profit at 87.31.
Bearish Preference:
A sell position is envisaged if the price trades below 85.93 with take profit at 85.61.
Fundamentals:
None with High Impact
Comment:
Oil prices fell slightly in early Asian trade on Monday as hawkish comments from Federal Reserve officials on rising interest rates pushed up the dollar, with focus now turning to a raft of Chinese economic readings this week for more cues on a recovery in demand.
Analysis: SCRUM Team
