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

U.S. crude oil WTI in the United States closed up 0.3% on last week Friday (November 1), but it still recorded a decline of more than 3% last week.

Markets are watching developments in the Middle East, where Iran is said to be preparing a retaliatory strike against Israel in the coming days.

West Texas Intermediate (WTI) for December delivery rose 23 cents, or 0.33%, to settle at $69.49 a barrel on the New York Mercantile Exchange. The futures fell 3.2% last week.

Operation suggestion: crude oil weekly minimum to 67 after the market shock pull up, the highest weekly line reached the position of 71.754 after the market fell, the final weekly line in the position of 69.616 after the weekly line with a slightly longer impact on the spindle shape of the lower line. And this form ends.

Trading strategy: short near 71.2, stop loss 71.8, target 70.2-69.7.