US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in negative trend and stop loss is 78.50 level . It can fall below 72.48 level in short term .Intraday purpose selling is better with stop loss 78.50 level expecting intraday targets 74.50, 74.25 and 73.80 levels respectively . Strong resistance area is 76.11 to 77 level . There is irregular correction at level of 72.50 so it can fall below that level sharply .
QUICK FUNDAMENTAL LOOK
Crude oil prices declined by -2.01% to settle at 6,353, driven by profit booking after recent gains fueled by supply concerns stemming from escalating tensions in the Middle East and potential disruptions in Libya's oil production.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.