Instrument: OILs
Bullish Preference:
Buy position is envisaged if price trades above 78.62 with take profit at 79.15
Bearish Preference:
Sell position is envisaged if price trades below 77.89 with take profit at 77.44
Fundamentals:
None with Expected High Impact
Comment:
Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decision and uncertainty over global fuel demand growth, although the risk of supply disruptions from the Middle East conflict limited the losses.
Analysis: SCRUM Team