Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 106.24 with take profit at 106.62
Bearish Preference:
Sell position is envisaged if price trades below price 104.20 with take profit at 103.90
Fundamentals:
No Major fundamental
Comment:
Oil prices fell on Monday in volatile trade, reversing some gains from the previous session as markets braced for new mass COVID testing in China potentially hitting demand, a worry that outweighed ongoing concerns about tight supply.
Analysis: SCRUM Team