Instrument: OIL
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 75.23 with take profit at 75.46.
Bearish Preference:
Sell position is envisaged if price trades below 74.29 with take profit at 74.10.
Fundamentals:
No major fundamental
Comment: World stocks marched back towards record highs on Thursday as traders waited to see if Europe’s top central banks, the ECB and Bank of England, would match the U.S. Federal Reserve’s upbeat message and cut stimulus. There was more drama in Turkey as the record low lira plunged another 3% ahead of its own central bank meeting, and Omicron numbers were rocketing globally, but for once it wasn’t infecting the major markets.
Analysis: SCRUM Team