Key Highlights

  • Crude Oil price started a fresh increase above the $78 resistance.
  • It broke a major bearish trend line with resistance near $78.75 on the 4-hour chart.
  • Gold prices started a consolidation phase above the $1,725 ​​support.
  • The US ISM Manufacturing Index could fall from 50.2 to 49.8 in November 2022.

Crude Oil Price Technical Analysis

Crude Oil prices started a fresh increase from the $74.00 support zone against the US Dollar. The price picked up pace and traded above $78.00…

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