Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 114.23 with a take profit at 114.82.
Bearish Preference:
Sell position is envisaged if price trades below 111.36 with a take profit at 110.86.
Fundamentals:
No Major Fundamental
Comment:
Oil prices slipped on Friday, with some supply concerns easing after a partial export resumption from Kazakhstan’s CPC crude terminal, while the European Union remained split on whether to impose an oil embargo on Russia.
Analysis: SCRUM Team