Holding important support for now.
Like last week the narrative hasn’t changed much, where trade talks, OPEC compliance and U.S. oil inventories will feature broadly in Oil market discussions this week.
Oil prices have been under pressure over the past few weeks, but can the recent list of strong economic data give it the much needed boost?
Key support is holding - if it goes the outlook changes materially.
A critical test seems to be in the offing for Crude.
Does Brent need to retest the breakout?
$70/40/50 looks like a critical level for WTI.
$71 is going to prove critical for Brent and with it the overall oil complex.
Breaking back toward the highs?