Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 89.40 with take profit at 89.73 .
Bearish Preference:
Sell position is envisaged if price trades below 88.59 with take profit at 88.24.
Fundamentals:
4:30pm USD Crude Oil Inventories
Comment: Oil prices climbed on Wednesday toward last week’s seven-year highs as a draw in U.S. crude stocks confirmed strong demand and tight supplies, but investors remain cautious ahead of an OPEC+ meeting later today.
Analysis: SCRUM Team