Product: US Oil Prediction: Decrease Fundamental Analysis: By the week ending June 21, crude oil inventory increased by 3.6 million barrels to 460.7 million barrels, while analysts had expected a decrease of 2.9 million barrels. Last week, EIA reported that gasoline inventory decreased by about 1.3 million barrels, and distillate inventory, which includes diesel and heating oil, was expected to decrease by about 1.2 million barrels. U.S. crude oil prices rose by $1 to reach $84.38 per barrel due to concerns that Hurricane Beryl might affect offshore oil production in the northern Gulf of Mexico, while demand for car fuel in the U.S. is increasing. Technical Analysis: U.S. crude oil prices fell after hitting a two-month high on April 26. The candlestick chart's long upper shadow shows increased risk of a peak and downward pressure. The price might fall to the 100-day moving average at $80.30. There is support at the 5-day moving average $82.56, the 10-day moving average $81.80, and last Friday's low $80.97. Initial resistance is around $83.65, with strong resistance at the April 26 high of $84.46. If the price breaks above this level, it could indicate a potential uptrend. #marketanalysis #analisafundamental #forextrading #goldmarket #IndicesTrading #shares #cryptocurrency #indonesiamarket #indonesia #trading #traderindonesia #planningforthefuture #KVB#