Instrument: OILs
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 73.54 with take profit at 74.90
Bearish Preference:
A sell position is envisaged if the price trades below 69.88 with take profit at 68.39
Fundamentals:
None with high impact
Comment:
Oil prices fell on Monday, reversing early gains as anticipation of a Federal Reserve meeting and concerns over weakening demand this year largely offset measures by major central banks to ease market fears of a looming banking crisis.
Analysis: SCRUM Team