Oil prices up 2% on China optimism

By X-blogger - on January 3, 2025

Oil prices rose about 2% as investors returned for the first trading day of the new year with an optimistic eye on China’s economy and fuel demand after a pledge by President Xi Jinping to promote growth.

The Oil-Dollar pair skyrocketed in the last session. According to the CCI, we are in an overbought market.
Support: 69.939 | Resistance: 75.519

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