US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
US CRUDE OIL running in negative trend and its immediate strong resistance are79.40 to 80.43 level . Overall Stop loss is 81.30 level and it can fall below towards 79 dollar because 5 minute chart showing wave c directly can fall below 80.28 level with stop loss 81.30 level .Presently it is in resistance area so selling is better for intraday targets 79.40,79.20 and 79 respectively with stop loss 81.30.
QUICK FUNDAMENTAL LOOK
WTI crude futures climbed toward $80 per barrel on Friday, rising for the third straight session and set for a strong weekly advance as an improving global demand outlook and ongoing hostilities in the Middle East lifted oil prices.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.