Market Analysis of US CRUDE OIL on Thursday 24 August 2023

2023-08-24 13:19Source:BtcDana

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 74.50 for upside direction 79.30 ,79.60 and 81  targets respectively.Final stop loss is 74.50 and its upside minimum  target is sharp 84.37 dollar .Very short term it is looking for sharp 81.65 dollar target.

 QUICK FUNDAMENTAL LOOK                                                                     

Oil prices eased in early trade on Thursday amid disappointing economic data from key economies and as investors await a speech by U.S. Federal Reserve Chair Jerome Powell on Friday for cues on interest rates.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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