LATEST ARTICLES

WTI Crude Oil Fails To Breakout Above 42

Posted On 23 Jul 2020
By :
Comment: 0

wti crude oil

Oil prices surged ahead with the gains on Tuesday as price briefly traded above the 42.00 handle.

However, failure to build upon the momentum saw prices being rejected, pushing crude oil to close below 42.00.

At the time of writing, price action is once again testing this level. A breakout above 42.00 will potentially clear the way for crude oil to continue pushing higher.

The next key target in the medium term will be the 50.00 level. This will see oil prices recovering nearly 70% of the declines from earlier this year.

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.

Leave a Reply

*

[adrotate group="2"]
[adrotate group="15"]

InstaForex – Market Analysis

<a href="https://www.instaforex.com/">Forex Portal</a>

Like Us On Facebook

[adrotate banner= "75"]

Follow on Stocktwits

Follow Us on StockTwits

Connect

facebook
twitter
google-plus
youtube
linkedin
rss
Copyright © 2015 Forex Alchemy. All rights reserved.
Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use     Privacy Policy