Instrument: OILs
Bullish Preference:
A buy position is envisaged if the price trades above 84.71 with take profit at 84.97.
Bearish Preference:
A sell position is envisaged if the price trades below 84.11 with take profit at 83.94.
Fundamentals:
No High Impact Data
Comment:
Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply.
Analysis: SCRUM Team