Crude Oil Technical Analysis – We are stuck in a range ...Middle East

Fundamental OverviewCrude oil remains confined in a range between the 72.00 resistance and the 67.00 support as the market continues to weigh the future scenarios. On one hand, we have the Trump’s victory which might be seen as bearish due to increased supply and for fear of the tariffs and a slowdown in global growth as other countries could retaliate. On the other hand, the red sweep should see Trump focusing more on tax cuts and domestic issues first which should eventually lift global growth expectations. If we had a divided Congress, then his first priority could have been indeed a trade war.Moreover, we have also central banks easing their monetary policies and that generally leads the

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Crude Oil Technical Analysis – We are stuck in a range ...Middle East

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