Instrument: OIL+
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 75.41 with take profit at 75.53
Bearish Preference:
A sell position is envisaged if the price trades below 74.98 with take profit at 74.87
Fundamentals:
No major Fundamentals
Comment:
Crude oil nudged slightly higher on Tuesday after notable gains in the North American session after it was announced 3 million barrels will be bought to replenish the depleted supplies at the Special Petroleum Reserve (SPR).
Analysis: SCRUM Team