Instrument: OIL
Bullish Preference:
Buy position is envisaged if price trades above 80.24 with take profit at 80.52
Bearish Preference:
Sell position is envisaged if price trades below 79.54 with take profit at 79.16
Fundamentals:
None with High Impact
Comment:
Oil prices fell in Asian trade on Monday as markets remained uncertain over more production cuts by the OPEC+ after a delay in a meeting this week, while anticipation of a string of key economic readings also kept traders on edge.
Analysis: SCRUM Team