Key Highlights

  • Crude Oil price started a fresh increase above the $86.50 and $87.20 resistance levels.
  • There is a major bullish trend line forming with support near $85.60 on the 4 hour chart.
  • Gold prices could pick up momentum if it clears the $1,660 resistance zone.
  • Today the Fed could hike rates from 3.25% to 4.0%.

Crude Oil Price Technical Analysis

Crude Oil prices started a fresh increase from the $82.20 zone against the US Dollar. The price picked up pace for a move above $85.00…

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