Instrument: OIL. WTI
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 73.58 with take profit at 73.91.
Bearish Preference:
A sell position is envisaged if the price trades below 73.13 with take profit at 72.94.
Fundamentals:
None with High Impact
Comment:
Oil prices rose in Asian trade on Monday as U.S. lawmakers said they had reached a provisional agreement to raise the debt ceiling, with focus now turning to key Chinese data this week for cues on the world’s largest oil importer.
Analysis: SCRUM Team