WTI Crude Oil Holding Steady Above 22

WTI

WTI Crude oil prices are holding steady despite retracing some of the gains from earlier in the week.

Price action is currently forming a higher low above the 22.00 handle.

The trend line needs to be breached to confirm the upside. But resistance at 28.00 will likely hold.

In the event that WTI crude oil breaks past this level, then we expect a move to the 35.00 handle next.

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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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