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

WTI crude oil prices are rising higher for a second day. Prices rose over 16% into Friday’s close, led by the optimism of an OPEC supply cut.

At the time of writing, WTI crude oil prices are trading near the resistance level of 28.00.

If this level cannot be cleared, we expect prices to drift back into range.

However, the floor at 22.00 looks to be solidly in place for the moment. This will mean that oil prices have likely formed a bottom.

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

The post WTI maintains strong gains for a second day appeared first on Orbex Forex Trading Blog.


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

Tagged on: