US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW Crude has strong support 78.60 to 76.37 and it is running in positive trend .Intraday purpose we can buy with stop loss 76 for upside direction 80.30 ,80.60 and 81 targets respectively.Final stop loss is 74.50 and its upside minimum target is 87 dollar .1 minute chart is showing first upside target 80.20 then it can fall below 79.80 so best buying is below 79.80 for upside sharp rally towards 87 dollar.
QUICK FUNDAMENTAL LOOK
Oil edged lower on Tuesday as the market waited to see if Iraqi oil exports resume, which could ease the supply tightness caused by the OPEC+ cut, while a faltering Chinese economy continued to undercut the global demand outlook.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.