USOil prices are up 2.2% at $48.00, earlier printing a 17-day high at $48.30. This is the third consecutive day of gains, and comes amid a recovery in global stock markets and associated revival in risk appetite.
There is additionally a degree of optimism about the US-China trade talks slated for January 7-8 in Beijing as increasing signs of real-world impact of the trade spat raises the incentives on both sides for compromise. China also pledged to step up “countercyclical adjustments” of macro policies.
USOil prices are now up by 6.0% in a week, but are still down by 9% from last month and have remained stubbornly below the key 20-day moving average for 60 trading days. The RSI, MACD and Stochastic are all showing tentative positive signs. The psychological $50.00 remains key. and a
There is additionally a degree of optimism about the US-China trade talks slated for January 7-8 in Beijing as increasing signs of real-world impact of the trade spat raises the incentives on both sides for compromise. China also pledged to step up “countercyclical adjustments” of macro policies.
USOil prices are now up by 6.0% in a week, but are still down by 9% from last month and have remained stubbornly below the key 20-day moving average for 60 trading days. The RSI, MACD and Stochastic are all showing tentative positive signs. The psychological $50.00 remains key. and a