CRUDEOIL UPDATE || Dec 12

#CRUDEOIL UPDATE || Dec 12

Timeframe: 4 hourTimeframe
Direction: Long (Intraday)

Advising buys above 20 & 30 EMA.

Maintaining my view on crude oil, anticipating a touch at the 5600 level before an upward move.
Oil prices went up slightly because investors are waiting for important decisions about interest rates and inflation.
The upcoming U.S. Consumer Price Index (CPI) report and the Federal Reserve meeting will have a big impact on the oil market.
There are also political tensions in the Middle East, which could affect oil prices.


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