【PBFX | PBFX India】U.S. crude oil WTI fell 0.3%

U.S. crude oil WTI closed down slightly on Tuesday (October 29), continuing the decline on Monday (October 28), and once fell below $67 per barrel.

Goldman Sachs analysts said oil prices were too cheap in the short term compared to fundamentals. Oil prices will be supported by the replenishment of the US strategic petroleum reserve and demand from the aviation industry.

West Texas Intermediate crude for December delivery fell 17 cents, or 0.25%, to settle at $67.21 a barrel on the New York Mercantile Exchange.

Operation suggestion: The US oil daily line reached the highest position of 68.89 after the high fall, the daily line to the lowest position of 67.05 after the market pulled up in the end, the daily line finally closed in the 67.85 position after the market with a lower line slightly longer than the spindle shape of the upper line, and such a shape ended.

Trading strategy: short near 68.5, stop loss 69, target 67.1-66.