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 made up for the losses set off last week. After breaking past the 38.83 level which did not offer much resistance, price action pulled higher.

Late in the US trading session, oil prices briefly tested the 41.00 level before pulling back modestly.

But given the bullish momentum, a breakout above the 41.00 level is likely.

This will put the upside toward the 42.00 price level next.

The close above 38.83 also diminishes the downside bias in oil markets. That is unless we see a break down below 38.83 once again.

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

The post WTI Crude Oil Back Near Familiar Resistance appeared first on Orbex Forex Trading Blog.


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

Tagged on: