Market Analysis of US CRUDE OIL on Monday 16 October 2023

2023-10-17 01:16Fonte:BtcDana

US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW      

 US CRUDE OIL has strong support  76.46 to 79.41 levels and it can rise towards  towards 94  levels  without touch 74 level positionally.Overall trend is positive  and inner calculations made reversal so short term support is 83.35 to 85 level and stop loss is 80.60 and target is 94 dollar sharp.

 QUICK FUNDAMENTAL LOOK                                                                     

Oil prices edged higher early on Monday, staying close to the highest this month on tight supply and concerns over the possibility of the war between Israel and Hamas spreading into the other Middle East countries.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

Mais