Instrument: OIL
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 79.94 with take profit at 80.26
Bearish Preference:
A Sell position is envisaged if the price trades below 78.46 with take profit at 78.06
Fundamentals:
No major fundamental
Comment:
Oil prices rose as much as $1 on Friday, extending gains from the previous session, supported by hopes of a China demand boost and after data showed lower U.S. fuel inventories following a winter storm that hit at the end of the year.
Analysis: SCRUM Team
