US CRUDE OIL TECHNICAL ANALYSIS SHORT TERM VIEW
US CRUDE OIL running in negative trend and its immediate strong resistance are 69.86 to 71.60 level . Stop loss is 73 level and it can fall below 65.50 level in form of wave v of last wave c .Intraday purpose selling is better for targets70.20,69.90 and 69.50 levels respectively with stop loss 73 level.
QUICK FUNDAMENTAL LOOK
Russian President Vladimir Putin warned of a global conflict, raising concerns of disruptions to oil supply from one of the world's largest producers, Reuters reported on Friday.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .