Instrument: OILs
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 86.94 take profit at 87.14
Bearish Preference:
A Sell position is envisaged if the price trades below 86.08 take profit at 85.89
Fundamentals:
All Day WEF Annual Meetings
Comment:
Oil prices were set to post a second straight weekly gain on Friday, spurred largely by brightening economic prospects for China which should boost fuel demand in the world’s second-biggest economy.
Analysis: SCRUM Team