Crude Oil Gives Back The Gains

WTI Crude oil

Oil prices were pushing lower into Thursday’s close, but overall, price action was down just 0.02% on the day.

Another attempt to breakout above 28.00 was met with strong selling pressure. This put oil prices to retreat lower.

Further declines could see the 22.00 handle being tested once again. But the current set up could be indicative of a possible rebound, as long as the 22.00 level holds.

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“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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