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Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 131.46 with take profit at 132.46.
Bearish Preference:
Sell position is envisaged if price trades below 127.21 with take profit at 125.69.
Fundamentals:
No major Fundamental
Comment:
Crude oil prices roared higher at the weekly trading open as the deepening crisis in Ukraine stoked speculation about another round of still-harsher Western sanctions against Russia. As the fighting spreads to engulf more of the civilian population, headlines foreshadowing a Western ban of Russian energy exports have emerged.
Analysis: SCRUM Team
