US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
Crude is running in positive trend and immediate good support area is 72.50 TO 73.90 as shown in graph . Wave 1 and wave 2 completed and wave 3 is going on presently and it can fly towards 80 dollar .Stop loss is 71.50 and expecting very good rally because price is currently running at strong support.
QUICK FUNDAMENTAL LOOK
Crude oil prices held steady as ongoing supply-side issues offset weak economic data in China, ANZ Bank said in a Tuesday note.Libyan production has resumed after protestors affected output at its oil fields, but the market appears to be tightening after Saudi Arabia and Russia reduced exports, the bank noted.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.