Crude Oil Technical Analysis – The bulls need to break this key resistance ...Middle East

Fundamental OverviewCrude oil continues to display a rangebound price action as it struggles to break above the key 72.00 resistance. The Trump’s victory might be seen as bearish in the short term for fear of the tariffs and a potential slowdown in global growth as other countries retaliate. It’s worth remembering that in 2016, crude oil did fall initially on Trump’s victory but eventually rallied for more than 20% in the following three months on higher global growth expectations. The red sweep should see Trump focusing more on tax cuts and domestic issues which should eventually lift global growth expectations. If we had a divided Congress, then his first priority could have been indeed a

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