U.S. crude oil inventories continue to rise, and short-term demand concerns have also increased. However, as expectations for U.S. interest rate cuts have increased, the loose atmosphere has given crude oil some support. At the same time, short-term supply-side pressure has increased as geopolitical conflicts intensify.
Crude oil also stretched again after repeated repetitions. Technically, longs and shorts closed alternately. The top still focused on the pressure around 84, but did not chase the rise too much.
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Crude oil is empty near 83.4, defending 84.2, and targeting below 82
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Crude oil fell slightly
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Crude oil continues to fall
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