Skip to content 
Instrument: OIL
Bullish Preference:
A buy position is envisaged if the price trades above 84.82 with take profit at 85.31.
Bearish Preference:
A sell position is envisaged if the price trades below 83.89 with take profit at 83.37.
Fundamentals:
1:30pm USD Unemployment Claims
Comment:
Oil prices fell by more than $1 on Thursday, extending the previous session’s sharp losses as an uncertain demand outlook overshadowed any boost from an OPEC+ panel maintaining oil output cuts to keep supply tight.
Analysis: SCRUM Team
