Crude Oil Technical Analysis

Fundamental Overview Crude oil opened the day with a positive gap today following the weekend news of OPEC+ delaying the December production hike. 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…

Fundamental Overview Last week, crude oil has been on a seesaw due to supply side factors as we got the news that Libya was going to close down all oil fields and halt production and exports, and then that Iraq was going to cut production. On Friday, oil weakened again on the news that OPEC+…