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Instrument: OILs
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 81.37 with take profit at 81.70.
Bearish Preference:
A sell position is envisaged if the price trades below 79.98 with take profit at 79.32.
Fundamentals:
None with High Impact
Comment:
Oil prices fell in early Asian trade on Monday and were moving close to a five-week low as concerns over rising interest rates and slowing economic growth largely dented expectations for a recovery in demand this year.
Analysis: SCRUM Team
