Crude Oil Price Review

By:
Bob Mason
Published: Oct 30, 2024, 13:55 GMT+00:00

Bullish Correction Ahead.

In this article:

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?

By: Antreas Themistokleous

About the Author

Bob MasonChief Crypto Boss

TEST 30 He has written extensively for a broader audience and his current focus is on developments relating to the financial markets including, but not limited to currencies, commodities, alternative asset classes, and global equities.

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