Instrument: OIL
Bullish Preference:
Buy position is envisaged if price trades above 91.95 with take profit at 92.31
Bearish Preference:
Sell position is envisaged if price trades below 90.96 with take profit at 90.50.
Fundamentals:
No High Impact
Comment:
The scare projected to the oil trade by the Israel-Hamas war pushed crude prices up for a second straight week, though the absence of any real disruption to barrels coming out of the Middle East is also giving rise to intraday volatility.
Analysis: SCRUM Team