Crudeoil Update || Feb13 || MCX
Timeframe: 1 Hour
Strategy: Long
🔶BULL above 6400 --- target 6486, 6520
🔶WTI crude futures stayed around $77 per barrel, near a two-week high, due to ongoing tensions in the Middle East.
🔶Israel's airstrikes in Gaza and Hamas ceasefire rejection impacted oil prices, but talks in Beirut hinted at easing tensions.
🔶Concerns about inflation and potential delays in Fed rate cuts could limit oil price gains.
🔶Investors are awaiting key US inflation data and monthly reports from OPEC and IEA for further insights.
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