Crude oil trading is heating up as prices find support from technical indicators and key market forces. With geopolitical tensions rising and China stimulating consumption, is this the start of a sustained bullish run? Meanwhile, upcoming interest rate decisions from the Fed, Bank of England, and Bank of Japan, along with UK unemployment data, could shake the markets. How will these factors shape crude oil price action this week? Watch the full Exness Market Outlook to stay ahead of the trends.
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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.
