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Crude Oil Slips Back Below The $33.66 Technical Resistance

Posted On 28 May 2020
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wti crude oil

WTI Crude oil prices gave back the gains from earlier this week as prices are trading softer.

The commodity is trading near the 33.66 level which has been somewhat difficult to break past.

But, the Stochastics oscillator is positioned bullishly and this could trigger further upside.

A strong close is needed to confirm the upside which will see the commodity rising to the levels near $40.

About the Author
“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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