Crude Testing Key Support As Sell-Off Deepens
Oil Slide Deepens
Oil prices have remained under pressure this week with rude futures now down almost 10% from the July highs. The sell-off comes amidst a fresh uptick in USD this week on the back of President Biden stepping down from the US Presidential race. With projections for a Trump win now turning higher on the back of this and Trump’s recent assassination attempt, USD has seen stronger inflows over the last week. The expected impact of a second Trump presidency has so far been a net-negative for commodities over fears of fresh trade wars and heightened geopolitical unrest, keeping USD underpinned through increased safe-haven inflows.
Selengkapnya lihat disini => https://www.tickmill.com/blog/crude-test...ff-deepens

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