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 U.S.-Japan trade speak and signaled discussion between the US and Japanese leaders throughout this weekend’s G7 meeting.
On a unique note, the U.S. dollar (USD) remains firm when upbeat comments from Fed policymakers like Esther Saint George and Patrick Harker.
While no oil specific major news is on the economic calendar, aside from the weekly Baker Hughes Rig Counts knowledge for the U.S. oil rigs, investors might keep an eye fixed over the trade/political news for recent impulse.
Technical Analysis
Prices area unit seemingly sliced in between fifty and 21-day easy moving average (SMA), namely $55.30 and $56.50, with either aspect break be seemingly receiving a significant response.
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