WTI Crude Oil Pushes Above 33.66

wti crude oil

WTI Crude oil prices rose over 4% on Friday and closed above the 33.66 level.

However, price action remains a bit doubtful at the moment.

This is, of course, unless we see a strong rally above this handle.

The next main target level is near the 40s for crude oil. Price action in the commodity remains somewhat mixed which opens the risks of a correction lower.

The Stochastics oscillator is also somewhat bearish that suggests the possibility of a pullback.

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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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