WTI crude oil lost its shine after hawkish fed
members. 
Read Till End

The easing tension in the Middle East has
cooled down the oil prices from a multi-month
high $87. According to Baker Hughes, the total
rig count fell by 2 to 603 this week, compared to
a forecast of 731 rigs same time last year
The immediate resistance is around $80. 

Any jump above the target of $80.55 On the lower
side, near-term support is around $77.90. Any
breach below will drag the commodity down to
$76.70/$75.

Signal
Sell $79.4 with SL around $80 for a TP of $76.8.
Buy $75 with SL around $74 for a TP of $80