The price of crude has been under immense pressure since Trump announced fresh tariffs on Chinese imports leading to the U.S. oil
benchmark suffering its biggest one-day fall in more than four years. Drop
has caused Oil
to reach 4hr TL at which there seems to be some resistance.. Upside potential labelled on chart, however should Oil
continue to drop
could see a break and retest moving further down towards 51.58 region.