US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
US CRUDE OIL running in negative trend and its immediate strong resistance are 69.11 to 69.86 level . Stop loss is 70.50 level and it can fall below 67 level in form of wave 3 .Intraday purpose selling is better for targets 68.25, 68 and 67.50 levels respectively with stop loss 70.50 level. It can fall for 65.50 level also because of irregular correction made at that level .
QUICK FUNDAMENTAL LOOK
Oil prices are broadly stable in early European trade after coming under further pressure in the previous session due to investor disappointment over China's stimulus plans and a stronger U.S.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .