Buy position is envisaged if price trades above 93.37 with take profit at 93.82
Sell position is envisaged if price trades below 92.46 with take profit at 92.12
None with high impact
Oil prices fell over $1 on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. In an outlook to be released on Monday, the Organization of the Petroleum Exporting Countries is expected to stick to a view of oil demand rising for another decade, despite increasing use of renewable energy and electric cars, two OPEC sources said.
Analysis: SCRUM Team