Oil Price Rebound: Technical Indicators and Market Trends to Watch
This week’s Exness market outlook covers the latest developments in crude oil trading, with a potential bullish correction on the horizon. Could the recent bearish gap in crude oil price be setting up for an upward trend?
Technical indicators suggest target areas for a rebound, while the Commitment of Traders report and historical US election trends add key context to the analysis.
What impact will the US PCE index, jobs report, and manufacturing PMI have on this scenario?
Michael is a financial content manager at Exness. He's been investing for around the last 15 years and trading CFDs for about the last nine. He favors consideration of both fundamental analysis and TA where possible.
