US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
It is running in positive trend and it is running in wave 3 so it can jump towards 80.40 dollar levels non stop .Immediate support is 77.40 to 78.12 and stop loss is 76.70 .Intraday purpose we can buy it with stop loss 76.70 for upside direction.Overall it is going for 84 dollar .
QUICK FUNDAMENTAL LOOK
Crude Oil Prices Rally as Chinese Economic Support Measures Boost Market Sentiment, ANZ Bank Says.Signs of supply tightening also provided price support as output cuts by the Organization of the Petroleum Exporting Countries and allied producers are materializing, the bank noted.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.