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 bullish as price action fully recovered on Thursday from the losses from the previous two sessions.

But prices are still off the 41.00 handle where resistance is likely to hold in the near term.

The outlook remains mixed for oil prices as the sideways range between 41.00 and 38.83 continues to hold for the moment.

However, so far, we are seeing a consistent higher low forming.

This means that if oil prices could break past the 41.00 handle and form another higher low above or close to this level, further gains could be expected.

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

The post WTI Crude Oil Pares Losses appeared first on Orbex Forex Trading Blog.

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

Tagged on: