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Instrument: OIL. WTI
Bullish Preference:
Buy position is envisaged if price trades above 70.97 with take profit at 71.18
Bearish Preference:
Sell position is envisaged if price trades below 70.59 with take profit at 70.35
Fundamentals:
None with Expected High Impact
Comment:
Oil prices held steady on Monday as U.S. efforts to replenish strategic reserves provided support, though concerns persist about oversupply and softer fuel demand growth next year.
Analysis: SCRUM Team
