Instrument: OILs
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 80.86 with take profit at 81.20.
Bearish Preference:
A sell position is envisaged if the price trades below price 80.08 with take profit at 79.71.
Fundamentals:
No major Fundamentals
Comment:
Oil prices kept to a tight range in early Asian trade on Wednesday as markets weighed signs of shrinking U.S. inventories against concerns over slowing economic growth this year, which had triggered sharp losses in the prior session.
Analysis: SCRUM Team