Crude Oil Technical Analysis – Strong comeback supported by the US NFP report ...Middle East

Fundamental OverviewDespite the recent OPEC+ extension of the voluntary output cuts, Crude oil sold off as the price broke the support of the May range. The drop though might have been just technical as the bearish momentum picked up on the breakout. The price eventually bottomed around the $73 region and erased all the losses. More recently, the market got a boost from the strong US NFP report as that showed that demand is likely to remain strong amid the global growth pickup as depicted also by the PMIs. Moreover, we have some major central banks beginning to ease their policies and China will likely continue to do so as deflationary forces are still present. In the big picture, better gro

Read More Details
Finally We wish PressBee provided you with enough information of ( Crude Oil Technical Analysis – Strong comeback supported by the US NFP report )

Also on site :

South Africa seeks US trade deal after Trump’s 30% citrus tariff
Japan starts deploying Osprey fleet at a new base to beef up southwestern defense
Josh O’Connor Goes Full Cowboy in ‘Rebuilding’ as Director Max Walker-Silverman Takes on Life After the Fires: ‘Loss Often Comes With Love’

Crude Oil Technical Analysis – Strong comeback supported by the US NFP report ...Middle East

What channel is PSG v Real Madrid Club World Cup semi-final on? TV details, live stream and kick-off time

Trump’s big law offers child tax credits and ‘Trump accounts’ for newborns but they won’t make up for what kids will lose, advocates say

How to Watch Sinner vs. Shelton Wimbledon Quarterfinal Online

US asserts Trump's role in Pakistan ceasefire in response to India's denial

Rishi Sunak to donate salary from new Goldman Sachs job to charity

Apple eyes U.S. Formula 1 broadcast rights after movie success: report

'The risk just isn't worth it' - Firefighters' warning after disposable barbecue sparks Long Mynd blaze

बिहार छोड़कर दूसरे राज्यों में क्रिकेट खेलने वाले टॉप खिलाड़ियों की लिस्ट

Catastrophic Texas floods leave over 160 missing, death toll rises to 109

‘April’ Director Dea Kulumbegashvili Says Freedom of Expression Is Under Threat, Claims ‘There Is No Way to Make Films in Georgia at the Moment’

Moment hockey fight breaks out at golf course as man is thrown into POND in wild brawl before police rush to scene

Iconic Rock Star Dad Gets Upstaged by His Teen Daughters in Viral Concert Clip

Next Gen NYC’s Riley Burruss and Ariana Biermann Discuss Their Moms’ Feud

FP Markets Marks 20 Years as a Trusted Name in Global Trading

India vs Sri Lanka bilateral series on the cards in August after BCCI postpones Bangladesh tour