Daily Market Analysis 27|07|2020: OILJuly 27, 2020 2020-07-27 8:15
Daily Market Analysis 27|07|2020: OIL
Sell position is envisaged if price trades below 42.95 with take profit at 42.41.
Buy position is envisaged if price trades above 43.34 with take profit at 43.79.
No major economic data with bearing on this commodity.
Comment: The commodity is envisaged to lose traction and trade lower as tensions between US and China heightened amidst rising number of infections.
Analysis SCRUM Team