Instrument: OILS+
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 91.18 with take profit at 91.45
Bearish Preference:
Sell position is envisaged if price trades below 90.57 with take profit at 90.27
Fundamentals:
No major fundamental
Comment:
Oil prices rose on Tuesday as the U.S. dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies such as China.
Analysis: SCRUM Team