US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
Crude has strong support 78.60 to 76.37 and it is running in positive trend .Intraday purpose we can buy with stop loss 76 for upside direction 80.30 ,80.60 and 81 targets respectively.Final stop loss is 74.50 and its upside minimum target is 87 dollar .Very short term it is looking for sharp 81.65 dollar target.
QUICK FUNDAMENTAL LOOK
Oil prices ticked up in Asian trade on Wednesday, as markets weighed weak demand indicators from top importer China and the prospect of further U.S. rate hikes against potential supply tightness.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.