Weekly Oil Report: More Bullishness by New IEA Reports
October, as expected, brought oil growth after 4 months of fall. November also opened with positive sentiments. During its first week, crude oil grew by 4.71 %.
The volume and MACD are showing slight weakness in bulls. We might see oil moving a bit more slowly during the week.
With supply issues at the moment, we can expect that the price stays in 90 channel for the week.
The volume and MACD are showing slight weakness in bulls. We might see oil moving a bit more slowly during the week.
With supply issues at the moment, we can expect that the price stays in 90 channel for the week.
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