Oil Rises on Reports US Will Reject Recent Iran Deal

Crude finished higher yesterday after reports surfaced that the US would not return to the terms of the most recent MOU with Iran, reinforcing Dan's bullish fundamental view. With futures pulling back into the prior trading range, his buy and sell levels from earlier this week still apply, 80.34 as support and 82.92 as a take-profit level, with 81.44 emerging as another spot to consider buying. The intraday range is set between 82.13 and 84.03, with 83.03 as the pivot.An oil tanker out at sea by Gerhard Traschutz via Pixabay