Crude Oil Technical Analysis - The price is hovering around a key support zone ...Middle East

forex live - News
Crude Oil Technical Analysis - The price is hovering around a key support zone
Crude Oil has been falling steadily lately with analysts citing the peace deals in the Middle East. That looks like noise to me and the majority of the selloff might have been more about the combination of the de-escalation between Israel and Iran, and fears of the Fed opening the door for more tightening as that would be a headwind for demand on a forward looking basis. Yesterday, the Fed decided to keep a neutral stance with strong pushbacks against a rate hike from Fed Chair Powell. Moreover, the US ISM Manufacturing PMI missed slightly with generally positive commentary, so the fears about some big slowdown should be set aside for the moment. This morning, we got a report saying that OPE

Hence then, the article about crude oil technical analysis the price is hovering around a key support zone was published today ( ) 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.

Read More Details
Finally We wish PressBee provided you with enough information of ( Crude Oil Technical Analysis - The price is hovering around a key support zone )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News