Analyst
Bullish Preference: Buy position is envisage if price trades above 68.55 with take profit at 69.28.
Bearish Preference: Sell position is envisaged if price trades below 67.75 with take profit at 66.96.
No major economic data with bearing on the pair
Comment: Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month's Texas storm.
Bullish Preference: Buy position is envisage if price trades above 1.26223 with take profit at 1.26520.
Bearish Preference: Sell position is envisaged if price trades below 1.25585 with take profit at 1.25021.
Gov Council Member Schembri Speaks (CAD) 7:30 PM
Comment: Crude prices have been buoyant since the Organization of the Petroleum Exporting Countries, Russia and their oil-producing allies, known as OPEC+, agreed last week on broadly sticking with output cuts despite rising crude prices. "There is little data to drive oil over the rest of the session, so the sentiment is likely to remain a key force.
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