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Crude oil analysis on November 7

Long
Crude Oil Future CFD (USD) (VANTAGE:CL-OIL)  
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VANTAGE:CL-OIL   Crude Oil Future CFD (USD)
Trend Analysis Support and Resistance Supply and Demand cloil oiltrading wticrude Crude Oil WTI oilsignals
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trendanalysis supportandresistance supplyanddemand cloil oiltrading wticrude usoil oilsignals
snapshot

After crude oil rose from a low of 80.66 to 82.24 yesterday, it has been unable to break through the key resistance level and began to fall to the bottom again today. Yesterday's upward trend in crude oil was also due to the current shortage of crude oil in the market and the US market situation.

Crude oil has strong support at 78.8 and resistance at 82.5. Today's market is more inclined to correct upward. Bulls are strong and are expected to break through 82.5 today

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