WTI crude oil trading weak for the fourth
consecutive day on easing Middle East tension.
Markets eye ceasefire talks between Israel and
Gaza for further movement. According to APl,
US crude stocks rose by 3.03 million barrels for
the week ended Apr 6th, compared to an
increase of 2.4M bbls.
Major factors for crude oil price movement-
Geopolitical tension- cease-fire talks progress
oetween Israel and Hamas. (Negative for
crude)
Signal
Sell $87 with SL around $89 for a TP of $83