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Instrument: OIL
Bullish Preference:
Buy position is envisaged if price trades above 88.02 with take profit at 89.04.
Bearish Preference:
Sell position is envisaged if price trades below 85.86 with take profit at 84.84
Fundamentals:
No High Impact
Comment:
Oil surged, along with European defense stocks, while airline shares plunged after Israel pounded the Palestinian enclave of Gaza in retaliation for one of the bloodiest attacks in its history, unleashing fears of a wider Middle East conflict.
Analysis: SCRUM Team
