Instrument: OILS+
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 76.41 with take profit at 78.15
Bearish Preference:
A sell position is envisaged if the price trades below 74.60 with take profit at 72.86
Fundamentals:
No major fundamental
Comment:
Oil was little changed on Wednesday after hitting five-week lows in the previous session, as investors priced in expectations for interest rate hikes in the U.S. and Europe and waited for clarity on future policy path. Both benchmarks closed at their lowest since March 24 in the previous session, when they also recorded their biggest one-day percentage declines since early January.
Source: investing.com