Instrument: OILS
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 83.44 with take profit at 83.85
Bearish Preference:
A Sell position is envisaged if the price trades below 82.78 with take profit at 82.43
Fundamentals:
None with High Impact
Comment:
Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in the coming months, although caution still persisted over a potential economic fallout.
Analysis: SCRUM Team
