Skip to content 
Instrument: OIL
Bullish Preference:
Buy position is envisaged if price trades above 86.82 with take profit at 87.11.
Bearish Preference:
Sell position is envisaged if price trades below 85.78 with take profit at 85.46.
Fundamentals:
1:30pm
USD Core CPI m/m
USD CPI m/m
USD CPI y/y
USD Unemployment Claims
Comment:
Oil falls further on US stock build, easing supply concerns this was dragged down by a larger-than-expected crude and gasoline stockbuild in the U.S. and easing supply concerns.
Crude prices fell responding to a report by industry group API that the largest weekly crude stockpile build in eight months may have taken place in the United States last week.
Analysis: SCRUM Team
