Crude Oil Important Level Today 4987 which OPEN = LOW in Crude Mega.
Fundamentally we have negative news for crude.
IEA Reported OPEC’s Production increased and Trump Administration forcing to increase production in Saudi Arabia and Russia. DXY also appreciating. This also negative for crude.
On Positive side, Ian’s oil output below 2M/Day. If any decline in USD crude will rise till 4978 technically. So watch the Levels in chart and use it for your learning purpose.
To know more watch this video