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WTI Crude Oil Attempts To Retest Resistance

Posted On 24 Apr 2020
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wti crude oil

Crude oil prices are posting a modest rebound after slipping into a range.

Price action is now trading within the 18.95 and 11.85 levels. However, further gains will come only on a breakout from this range.

A strong close above the 18.95 level will confirm further gains.

But there is also scope that prices could slip back to the lower end of the range 11.85.

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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