The oil price is continuing its dance close to the key level of $59, while investors are waiting for new market movers. These could arrive from the Federal Reserve or news on the trade war talks.
From a technical point of view the trend remains positive, with the price capable of further acceleration if WTI can break through the resistance at $59. Following the recent OPEC+ agreement there is moderate optimism, despite fears about how well countries will adhere adherence to the deal.
