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Reading: Crude oil—Buy near 71.00, target 76.00-79.00 for NYMEX:CL1! by NuggetsWarriors
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Market Analysis

Crude oil—Buy near 71.00, target 76.00-79.00 for NYMEX:CL1! by NuggetsWarriors

Last updated: June 17, 2025 3:54 pm
Published: 11 months ago
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Crude oil market analysis:

We still buy crude oil in the recent daily line, but yesterday’s crude oil daily line closed with a big negative line. Short-term crude oil is about to start repairing. The retracement during the repair is our opportunity to buy again. Crude oil follows the long-term trend. In addition, the war between Iran and Israel is a long-term support for crude oil purchases. If the situation escalates, crude oil may easily stand above the 100 mark in the later period. Consider buying crude oil at 71.00 today.

Fundamental analysis:

Yesterday, Iran and Israel began to bomb each other again, and the situation began to escalate.

Operation suggestions:

Crude oil—Buy near 71.00, target 76.00-79.00

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