Buy position is envisaged if price trades above 110.36 with take profit at 111.26
Sell position is envisaged if price trades below price 108.37 with take profit at 107.39
Tentative USD Crude Oil Inventories
Oil prices edged down on Monday in a volatile session as investors stood on guard for any moves against Russian oil and gas exports that might come out of a meeting of leaders of the Group of Seven (G7) nations in Germany. Members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies including Russia, known as OPEC+, will likely stick to a plan for accelerated oil output increases in August when they meet on Thursday, sources said.
Analysis: SCRUM Team