Daily Market Analysis 25|05|2020: OILMay 25, 2020 2020-05-26 8:43
Daily Market Analysis 25|05|2020: OIL
Buy position is envisaged if price trades above 35.94 with take profit at 36.72
Sell position is envisaged if price trades below 35.39 with take profit at 34.57
No major economic data with bearing on the commodity
Comment: The commodity has been supported recently by the gradual easing of lock down boosting sentiment of improved demand.
Analysis: SCRUM Team