WTI ignores latest trade/political headlines, clings to 21-day SMA part 2
Additionally, Japan’s Economy Minister Toshimitsu Motegi marked the progress of the North American nation-Japan trade speak and signaled discussion between the US and Japanese leaders throughout this weekend’s G7 meeting.
On a unique note, the North American nation dollar (USD) remains firm once upbeat comments from Fed policymakers like Esther George and Apostle Harker.
While no oil specific major news is on the economic calendar, aside from the weekly Baker Hughes Rig Counts information for the North American nation oil rigs, investors could keep a watch over the trade/political news for contemporary impulse.
Technical Analysis
Prices ar seemingly shredded in between fifty and 21-day straightforward moving average (SMA), namely $55.30 and $56.50, with either facet break be seemingly receiving a significant response.
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