
Crude Oil Market Analysis:
Crude oil has been weak recently, trending downward. Despite a small weekly close last week, we remain bearish on crude oil. Sell on any rebound. Crude oil is currently trending downward, with the previous resistance level near 65 being a significant resistance level. We remain bearish until this level is broken. Consider selling if it rebounds to around 64.00 today.
Fundamental Analysis:
Today is a UK holiday, which has some impact on the European session. There are no major data or fundamentals to consider this week, with the market primarily focused on regular data.
Trading Recommendations:
Crude oil: Sell near 64.00, target 62.00-61.00
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