Crude Oil – Sell around 74.00, target 70.00-68.00

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Crude Oil – Sell around 74.00, target 70.00-68.00Brent Last Day Financial FuturesNYMEX_DL:BZ1!RuijinCatCrude Oil Market Analysis: The market has been suppressing crude oil prices. Currently, even with fundamental stimuli, crude oil is struggling to rebound. Moving averages are starting to decline, and another rapid drop is expected. Sell crude oil around 74 today. Resistance for crude oil is around 80. Furthermore, the daily moving average has started to decline to around 80, indicating short-term weakness below 80. Fundamental Analysis: The White House has recently been intensively discussing the possibility of resuming full-scale military action against Iran. However, Trump currently prioritizes diplomatic negotiations and is willing to extend the nuclear agreement deadline to buy more time for mediation, while retaining the option of resuming war. Trading Recommendation: Crude Oil – Sell around 74.00, target 70.00-68.00