US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
US CRUDE OIL is running in negative trend and its resistance area is 83.40 to 84.60 and overall trend stop loss is 85.60.It can fall downward below 79.40 level sharply because last wave looking as wave 5 extended zone .Intraday purpose selling can be done with stop loss 85.60 stop loss for 81.80,81.50 and final target 81 levels .Overall pattern indicating fall below 65 dollar.
QUICK FUNDAMENTAL LOOK
Oil prices rose in Asian trade on Tuesday, after a drop of more than 3% in the previous session, as worries over supply stirred by conflict in the Middle East blunted a dismal showing of China data.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.