As tensions rise over the China America trade war, this is not the biggest fundamental component to determine Oil's price.
We are seeing a very big possibility of a War breaking out between the states and Iran. This will consequently raise oil prices like we have historically seen before. Price action has shown major respect of support at the 62.500 after having retested 3 times. A continuation to 64.000-65.000 is the next potential bull target.
We are seeing a very big possibility of a War breaking out between the states and Iran. This will consequently raise oil prices like we have historically seen before. Price action has shown major respect of support at the 62.500 after having retested 3 times. A continuation to 64.000-65.000 is the next potential bull target.