WTI has been making tracks to the upside in 2019, recovering in part over 23.6% of the early Oct rout and is tracking down the key 38.2% Fibo located at 55.56. The markets remain optimistic for the price of oil, despite recent warnings from the IMF that cut its global growth forecasts on the back of increased trade tariffs between China and the United States. The Fund now projects a 3.5 percent growth rate worldwide for 2019 and 3.6 percent for 2020. These are 0.2 and 0.1 percentage points below its last forecasts in October — making it the second downturn revision in three months. Speaking at the World Economic ... (full story)