Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 94.45 with take profit at 94.77.
Bearish Preference:
Sell position is envisaged if price trades below 92.61 with take profit at 92.00
Fundamentals:
No Major Fundamentals
Comment:
Oil recovered some of its more than 2% fall in Asian trade on Thursday after Russian-backed rebels in eastern Ukraine accused Kyiv government forces on Thursday of shelling their territory with mortars. U.S. West Texas Intermediate (WTI) crude was trading down 0.7% at $92.98 a barrel at 0422 GMT, after earlier falling more than 2%.
Analysis: SCRUM Team