US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
US CRUDE OIL is running in positive trend and immediate stop loss is is 66.95 levels .Intraday purpose we can buy it with stop loss 66.95 for upside direction towards 71.74 above . At level of 71.74 it is looking irregular correction made so it can sharply rally over 71.74 level .Overall it has made irregular correction at level of 75 so it can sharply rally for 75 levels as well.
QUICK FUNDAMENTAL LOOK
Oil prices held steady early on Tuesday as markets weighed supply woes from cuts for August by top exporters Saudi Arabia and Russia against mixed analyst views on economic data that could hint at weak crude demand.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account