Crude Oil - Look for Longs at 53.00 towards 54.20!
Oil prices rose around 1% to move further away from five-
month lows hit earlier in the week, buoyed by a report
that Washington could postpone trade tariffs on Mexico and
signs OPEC and other producers may extend crude supply
cuts.
We like the odds of a bounce from 53.00 towards the short-term
resistance in the 54.20s.
month lows hit earlier in the week, buoyed by a report
that Washington could postpone trade tariffs on Mexico and
signs OPEC and other producers may extend crude supply
cuts.
We like the odds of a bounce from 53.00 towards the short-term
resistance in the 54.20s.