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wti crude oil

WTI Crude oil prices are up over 2% intraday on Thursday.

The steady bullish trend in the commodity has pushed prices above the 30.00 threshold for the first time since mid-March.

If this bullish momentum continues, crude oil will be targeting the 45.00 handle next.

This marks a retest of this level which previously held up as support.

For the moment, expect some consolidation to occur near the 33.66 price level.

There is scope for price to correct lower as well. But, this can only be confirmed on a strong close lower.

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The post WTI Crude oil maintains a steady trend above $30 appeared first on Orbex Forex Trading Blog.


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