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Instrument: OILs
Bullish Preference:
Buy position is envisaged if price trades above 82.43 with take profit at 82.77.
Bearish Preference:
Buy position is envisaged if price trades above 82.43 with take profit at 82.77
Fundamentals:
None with Expected High Impact
Comment:
Oil fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group may discuss deepening supply cuts due to slowing global growth.
Analysis: SCRUM Team
