Instrument: OILs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 83.09 with take profit at 83.36
Bearish Preference:
Sell position is envisaged if price trades below 82.52 with take profit at 82.28
Fundamentals:
None with high impact on the commodity.
Comment: Oil prices lost some froth on the inflation concerns although surging prices for power generation fuel such as coal and natural gas limited losses.
Analysis: SCRUM Team