Instrument: OILs
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 79.16 with take profit at 79.66.
Bearish Preference:
A sell position is envisaged if the price trades below 78.32 with take profit at 77.88.
Fundamentals:
None with High Impact.
Comment:
Oil prices moved little on Friday after logging steep losses this week, and were set to close a fourth consecutive month in negative territory level as fears of slowing economic growth and demand largely offset tightening supply.
Analysis: SCRUM Team