Intraday: Bullish
Technical Analysis
Preference:
A Buy is in order if prices trade above 41.01 with take profit at 41.57.
Alternative scenario:
Sell is in order if price trades below 39.62 with take profit at 38.74.
Fundamentals:
3:30pm USD Crude Oil Inventories
Comment: Technically, price is currently trading bullish and this move will be confirmed if price can break the resistance on the 15 mins. The Fundamental news by 3:30 pm could
also have an impact on oil.
Analysis: SCRUM Team
