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Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 91.47 with take profit at 91.82.
Bearish Preference:
Sell position is envisaged if price trades below 91.01 with take profit at 90.70.
Fundamentals:
No Major Fundamental
Comment:
Oil prices eased on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply.
Analysis: SCRUM Team
