US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
US CRUDE OIL has strong resistance 88.80 to 91.004 levels and it can fall towards towards 80.60 dollar levels without touch 91 level positionally.Overall trend is negative and inner calculations made reversal so it can fall sharply below 80.60 level.Overall downside it can fall sharply below 65 dollar target as well also because it made double zigzag pattern at level 65 downside.Inner calculations also made double zigzag pattern as shown in graph so 80.60 target can come very sharply
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The spread between gasoline blendstock and crude oil prices have fallen to multiyear lows in early October amid low gasoline demand and the switch to winter-grade gasoline, the US Energy Information Administration reported Wednesday.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.