Oil now

At the start of the week, the main oil brands are traded with a strengthening in the general growth of optimism associated with a weakening in the US – China trade confrontation, which caused an increase in optimism in stock markets and a general increase in optimism. On the weekly growth, oil quotes approached significant resistance, which are met by the upper bounds of general downward trends, which, in turn, can act as a reversal zone and significant psychological resistance.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 58.80, an increase of about + 2.90% in price.

WTI crude oil trades at $ 49.30, a decline of about + 2.80% in price.

Read also: “Fundamental analysis: the interest rate and its impact on the exchange rates”

Dani Leviant

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