Crude Oil Technical Analysis – Israel spares Iran’s energy facilities ...Middle East

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Crude Oil Technical Analysis – Israel spares Iran’s energy facilities
Fundamental OverviewCrude oil was one of the biggest movers today as the price gapped sharply lower following the Israel’s retaliation over the weekend. The reason for the drop is of course the lack of attacks against energy facilities. That’s something that’s been already known, so we might see a pullack now that this story is in the rear view mirror.In the big picture, central bank easing generally leads the manufacturing cycle, so we can expect global growth to pick up and support the crude oil market. One risk that might be weighing on the market is the US election as a Trump victory might be bearish due to increased supply expectations.It’s worth remembering that in 2016, crude oil did

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