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

Crude oil prices have managed to breakout above the 40.00 technical resistance level after struggling near this level earlier on.

The move above 40.00 now sets the way for a potential test of the 50.00 level.

However, this is assuming that the bullish momentum will hold on.

In the near term, any dips could be seen pushing oil prices back to the 40.00 handle.

This makes for a good buying area and as a result, might see prices being supported off this level.

In the near term, watch how oil prices might react near the 45.26 level.

TradingOil

The post WTI Crude Oil Finally Clears the 40.00 Level appeared first on Orbex Forex Trading Blog.


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

Tagged on: