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Instrument: OILS+
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 82.87 with take profit at 83.01
Bearish Preference:
A Sell position is envisaged if the price trades below 82.36 with take profit at 82.24
Fundamentals:
No major fundamental
Comment:
Crude oil has continued to be shaken from the effects of a stronger US Dollar and higher inventories that rattled markets last week. With both UK (Brent) crude and WTI (US oil) failing to make any distinctive moves, historical technical levels have provided support and resistance for price action.
Analysis: SCRUM Team
