Instrument: OILS+
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 76.63 with take profit at 76.00
Bearish Preference:
A sell position is envisaged if the price trades below 76.19 with take profit at 76.00
Fundamentals:
None with High Impact
Comment:
crude oil steadied again today just below US$ 73 bbl after recovering from last week’s sell-off that saw it trade at its lowest level since late 2021. Oil prices fell on Tuesday, relinquishing some of the strong gains of the previous two sessions with the market cautious ahead of U.S. inflation figures for April, which will be key to the Federal Reserve’s next.
source: investing.com