Instrument: OIL
Bullish Preference:
A buy position is envisaged if the price trades above 74.23 with take profit at 74.37.
Bearish Preference:
A sell position is envisaged if the price trades below 73.80 with take profit at 73.67.
Fundamentals:
None with High Impact
Comment:
Oil prices rose on Monday after a revolt by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world’s largest producers.
Analysis: SCRUM Team