Crude oil is back at testing the key resistance. Imminent breakout or another failure? ...Middle East

Then we got fresh US sanctions targeting Iran oil tankers in the American session, which provided further support to prices although the bulk of the move was caused by the Chinese headline in the morning. This just shows how laser focused the market is on anything regarding trade negotiations.

For now, we are just ranging between the 59.00 support and the 63.00 resistance. A breakout on either side should see the momentum increasing.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Hence then, the article about crude oil is back at testing the key resistance imminent breakout or another failure was published today ( Thursday 17/04/2025 - 11:01 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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