Technical Analysis

WTI crude oil rises to six-week excessive

The rebound in oil continues

Indicators of progress in US-China commerce talks have boosted optimism about world development and that is given oil a carry.

WTI crude oil is up $1.60 at the moment to $53.63, which is one of the best degree since December 7.

The rally at the moment additionally clears the 55-dma for the primary time since mid-October. To essentially get issues transferring, crude might want to rise above the December excessive of $54.55.

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