Oil now

The main oil brands retreated from recent correction highs and continues to trade at the opening of the day. The oil market was pressured by a slowdown in growth of optimism and the lack of new drivers for growth. Thus, the US – China trade talks do not provide much support for optimism in the market, while remaining virtually open and without definite results.

The main oil brands Brent and WTI formed significant resistance levels at $ 70 and $ 63 per barrel, going into the correction phase after rising earlier.

Look Technical Analysis of Oil.

Brent crude is traded at around $ 69.20, a decrease of about -0.30% in price.

WTI oil is traded at about $ 62.10, a rise of about + 0.00% in price.

Read also: “Gold is limited to annual correction! What to expect?!”

Dani Leviant

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