US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
US CRUDE OIL running in negative trend and its immediate strong resistance are75.57 to77.33 level . Overall Stop loss is 80.30 level and it can fall towards 71 dollar because 1hour chart showing abc pattern and it can go below 64 dollar in short term because it made complex pattern at 64 level. Presently crude is running in best selling zone and intraday targets are 77.70,77.40 and 77.00 respectively.
QUICK FUNDAMENTAL LOOK
Crude oil prices slipped after the U.S. Federal Reserve on Wednesday decided to wait before cutting interest rates, as Europe and Canada did last week, and signaled a reduction in borrowing costs won't come before September at the earliest.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.