Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 84.23 with take profit at 84.47
Bearish Preference:
Sell position is envisaged if price trades below 83.27 with take profit at 82.99
Fundamentals:
No Major Fundamental
Comment:
Oil prices slipped in early trade on Friday but were on track for gains of more than 6% for the week on solid signs of demand growth in top crude-oil importer China and expectations of less aggressive interest rate rises in the United States.
Analysis: SCRUM Team
