Instrument: OILs
Bullish Preference:
Buy position is envisaged if price trades above 82.43 with take profit at 82.77.
Bearish Preference:
Buy position is envisaged if price trades above 82.43 with take profit at 82.77
Fundamentals:
None with Expected High Impact
Comment:
Oil fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group may discuss deepening supply cuts due to slowing global growth.
Analysis: SCRUM Team