Yesterday crude oil price nearly reached $65 a barrel due to current fundamentals of current economy. Gaza war and Ukraine war are causing a big impact on crude oil.
Yesterday the crude oil inventories were negative and this cause a huge gain on crude oil. Plus the current economy fundamentals of Palestine being recognized as a state is causing lots volatility to the crude oil market.
Today there will be Job market data released and I believe that this will cause a huge gain on crude oil. My technical analyses suggest crude oil should go toward $68 and by the end of the month crude should settle at $70+ per barrel, however this will depend on next Friday Payrolls.
The downside of today job market data release would be very bearish and crude oil could slump towards $63 a barrel and if the payroll data next Friday is also negative the crude oil is heading towards $59 a barrel.
These any my technical analyses of crude oil today, next week and end of the month.