Crude oil - Sell around 64.30, target 62.00-60.00Crude Oil Market Analysis:
Crude oil is clearly weak. I believe we can sell immediately. There's no need to wait for a major rebound or significant resistance levels. We can sell directly from a small intraday level. Crude oil will continue to fall. The 4-hour chart shows it has already broken through, so there's still room for further decline. Today, we're focusing on selling at 64.30.
Fundamental Analysis:
Yesterday's CPI data was mixed, generally suppressing the US dollar and supporting gold. However, gold's reaction was minimal, and it remains in a period of volatile correction.
Trading Recommendations:
Crude oil - Sell around 64.30, target 62.00-60.00
