Crude Oil Markets Continue To Jostle Back And Forth

mcx crude oil live chart with indicators

On Wednesday crude oil market initially fell during the trading session but turned around to show signs of strength again as the 200 day EMA has been like a magnet for price. The $57.50 level above has been resistance, and as a result it’s very likely that if we can break above there then the market could go much higher.

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Crude Oil Markets Continue To Jostle Back And Forth via @MasterMindUpdate

Crude Oil Dips as US-China Trade Deal Hopes Fade

mcx crude oil live chart with indicators

On Wednesday crude oil prices dipped as prospects for a trade deal between the United States and China dimmed, weighing on the outlook for the global economy and energy demand. US President Donald Trump said on Wednesday that the two countries were close to finalising a trade deal, but he fell short of providing a date or venue for the signing ceremony, disappointing investors.

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Crude Oil Dips as US-China Trade Deal Hopes Fade via @MasterMindUpdate