Instrument: OILS
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 100.00 with take profit at 100.32
Bearish Preference:
Sell position is envisaged if price trades below 97.95 with take profit at 97.56
Fundamentals:
No major fundamentals
Comment:
Oil prices climbed in Asia trading on Friday, rebounding from previous declines amid supply tightness and geopolitical tensions, even though weakened demand in the United States has cast a shadow on the market this week.
Analysis: SCRUM Team