TheNews

Oil is likely to remain supported in the short term amid expectations Europe will soon announce a plan for oil imports and bets that the JCPOA nuclear deal will not be reinstated soon.



The daily price is located near and below Ichimoku cloud: if the price breaks Ichimoku cloud to above together with 109 resistance level so the primary daily bullish reversal will be started; alternatively, the price will be on bearish ranging waiting for direction.

more...