This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

wti crude oil

Oil prices are trading lower for the third consecutive session. The declines come following last Wednesday’s brief rise to the 41.00 handle.

Following this, price action has been trading weaker. For the moment, there is no fundamental news that can drive prices.

As a result, we could expect to see oil prices exhibiting low volatility. The current declines can be stalled with the minor trend line which could be tested.

A break down below this trend line might push WTI crude oil to the 10th July lows of 38.80.

To the upside, we may not see any gains unless the 41.00 handle is cleared.

Test your strategy on how Oil prices will fare - Open Your Orbex Account Now

The post Crude Oil Extends Declines For Third Session appeared first on Orbex Forex Trading Blog.


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on: