fbpx

Daily Market Analysis 28.12.2022: OIL

Instrument: OIL

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if price trades above85.21 with take profit at 85.84

Bearish Preference: 
A Sell position is envisaged if price trades below price 83.77 with take profit at 82.73

Fundamentals:
No major fundamental

Comment: 
Oil prices fell on Wednesday on concerns that rising COVID-19 cases in China, the world’s top oil importer, will disrupt its economic recovery as it unwinds its pandemic restrictions, limiting fuel demand growth. Oil futures for February delivery fell 68 cents, or 0.8%, to $83.65 a barrel, by 0710 GMT. U.S. crude fell 46 cents, or 0.6%, to $79.07 per barrel.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published. Required fields are marked *

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping