Buy position is envisaged if price trades above 83.45 with take profit at 83.66
Sell position is envisaged if price trades below 82.91 with take profit at 82.74
None with high impact on this commodity.
Comment: Outbreaks of coronavirus infections in China and record deaths and the threat of lockdowns in Russia, along with rising cases in western Europe were putting the brakes on a multi-week rally in oil prices.
Analysis: SCRUM Team