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Crude Oil hovering around 2 years highs last....>

OIL
OIL: Crude Oil hovering around 2 years highs last at $57.39 and Brent Crude oil
holding at 2 year highs last at $64.21 amid the current crackdown on corruption
in the Middle East as over the weekend the Saudi Crown Prince ordered arrests of
11 princes, including Alwaleed bin Talal, one of the world's richest men, 4
ministers, dozens of former ministers and well-known businessmen. Saudi Arabia
has said the missile fired at the capital from Yemen over the weekend was an
"act of war" by Iran and there is tension with Lebanon after the resignation of
Saudi-allied Lebanese politician Saad al-Hariri. Further on from the arrests by
the crown prince, U.S. President Trump has said he supports the prince and King
Salman, he tweeted "they know what they are doing."
- MNI technical analysis sees support for Crude Oil at $56.97 - Hourly support
Nov 6 and resistance at $57.61 - Daily Bull channel top (off Aug low.)
Hesitation ahead of the longer-term bull channel top came to an end Friday with
a rally that sees the contract pressuring 2017 highs and focus now on
$57.94-60.75 where the 200-WMA ($60.75) is situated. O/B daily studies remain
the key concern for bulls.

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