Crude Oil Market Analysis:
Recent crude oil movement has been minimal, making trading relatively simple. Rebounds are always selling opportunities. Sell near 64.80 today. I believe crude oil has the potential to plunge. The longer the volatile period, the greater the subsequent movement. Crude oil has been volatile for several months and needs strong fundamentals and data to drive it.
Fundamental Analysis:
There are no major data releases or fundamental indicators this week; the data is mostly standard.
Trading Recommendations:
Crude oil – Sell near 64.80, target 63.00-61.00
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