US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
US CRUDE OIL running in negative trend and its immediate strong resistance are75.57 to77.33 level . Overall Stop loss is 78 level and it can fall towards 71 dollar because 1hour chart showing abc pattern and it can go below 64 dollar in short term because it made complex pattern at 64 level.Presently crude is running in best selling zone and intraday targets are 75.20,74.90 and 74.50 respectively.
QUICK FUNDAMENTAL LOOK
WTI crude futures held its recent advance to around $75.5 per barrel on Friday as growing optimism that the US Federal Reserve could still lower borrowing costs twice this year spurred a rally in risk assets.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.