Market Analysis of US CRUDE OIL on Monday 9 October 2023

2023-10-09 12:22Source:BtcDana

US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW      

 US CRUDE OIL completed or near to completion wave 4 and its last wave 5 should go below 80.60 level without touch 87.60 level.Selling is better with stop loss 87.60 for intraday targets 84.50,84.20 and 83.50 targets respectively.Overall downside target is 80.60 below.

 QUICK FUNDAMENTAL LOOK                                                                     

U.S. stock futures slid in Asia on Monday as the military conflict in the Middle East boosted oil and Treasuries, while the sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week.

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

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