Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 84.95 with take profit at 85.12.
Bearish Preference:
Sell position is envisaged if price trades below 84.44 with take profit at 84.23.
Fundamentals:
3:30pm USD Crude Oil Inventories.
Comment: Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world’s largest oil consumer.
Analysis: SCRUM Team