Instrument: OILs
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 75.54 with take profit at 76.40
Bearish Preference:
A Sell position is envisaged if the price trades below 72.80 with take profit at 71.75
Fundamentals:
No major fundamental
Comment:
Oil prices are still Thursday lower, after rebounding from 15-month lows as the financial lifeline to Credit Suisse helped boost risk sentiment, diluting concerns that a full-blown banking crisis would stymie global economic activity.
Analysis: SCRUM Team