📊TECHNICAL ANALYSIS ON 4-HOURS TIMEFRAME
Crude oil price fluctuates with slight positivity, and it might achieve some temporary intraday gains before turning back to decline again, affected by stochastic positivity. In general, we will continue to suggest the domination of the correctional bearish trend unless the price rallied to breach 84.55 and hold above it, reminding you that our targets begin at 81.20 and extend to 77.86 after breaking the previous level. The expected trading range for today is between 80.30 support and 83.30 resistance.
📊QUICK FUNDAMENTAL LOOK
Global oil prices rose on Tuesday with US crude holding above four-week lows while Brent hovers above two-week lows as Middle East geopolitical tensions deteriorate. US crude rose 1.1% to $83.33 a barrel, while Brent added 0.9% to $87.35 a barrel, with a session-low at $86.06
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.