Instrument: OILs
Bullish Preference:
Buy position is envisaged if price trades above 85.76 with take profit at 86.02.
Bearish Preference:
Sell position is envisaged if price trades below 85.00 with take profit at 84.56.
Fundamentals:
None with High Impact
Comment:
Oil prices edged up on Monday as top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher U.S. sanctions on Iranian oil.
Analysis: SCRUM Team