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Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 72.52 with take profit at 72.79.
Bearish Preference:
Sell position is envisaged if price trades below 71.38 with take profit at 71.14.
Fundamentals:
3:30pm USD Crude Oil Inventories
Comment: Oil prices slipped on Wednesday as the spread of the coronavirus Delta variant in top consuming countries outweighed Mideast geopolitical tensions and a fall in U.S. inventories.
Analysis: SCRUM Team
