Instrument: OILs
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 80.88 with take profit at 81.14
Bearish Preference:
A Sell position is envisaged if the price trades below 80.07 with take profit at 79.76
Fundamentals:
No major fundamental
Comment:
Oil prices inched up on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery in China, the world’s top oil importer.
Analysis: SCRUM Team
