Crude Oil Technical Analysis – We are approaching the top of the 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 in the short term for fear of the tariffs and a slowdown in global growth as other countries could retaliate, and an increase in supply. 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 g

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Crude Oil Technical Analysis – We are approaching the top of the range ...Middle East

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