Crude Oil is building to push up out of the duldrums

NYMEX:CL1!   Light Crude Oil Futures
Crude Oil has been hampered by the ongoing trade war as the US and China continue to be at logger heads. We see the current situation for a phase 1 trade deal as a step closer and can see the sentiment shift play out in oil . Expect Oil to push up through 60.50 resistance as buyers hold higher levels. It will all depend on if Trump can keep the positive sentiment going and get a phase 1 deal signed.

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