📊TECHNICAL ANALYSIS - 1-HOURS TIMEFRAME
Crude oil price shows some slight bullish bias in attempt to resume the expected bullish trend for today, waiting to visit 84.90 as a next main target. The EMA50 continues to support the price from below to reinforce the positive overview, reminding you that breaking 80.65 and holding below it will put the price under the correctional bearish pressure again.
📊QUICK FUNDAMENTAL LOOK
The Energy Information Administration reported a steep drop of 10.6 million barrels in US crude stocks last week to a total of 422.9 million barrels, while analysts expected a drop of 2.2 million barrels.
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