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 USA-Japan trade speak and signaled discussion between the US and Japanese leaders throughout this weekend’s G7 meeting.
On a unique note, the USA dollar (USD) remains firm when upbeat comments from Fed policymakers like Esther patron saint and patron saint Harker.
While no oil specific major news is on the economic calendar, apart from the weekly Baker Hughes Rig Counts knowledge for the USA oil rigs, investors might keep a watch over the trade/political news for contemporary impulse.
Technical Analysis
Prices ar probably sliced in between fifty and 21-day easy moving average (SMA), namely $55.30 and $56.50, with either aspect break be probably receiving a serious response.
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