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.

Won't your trader friends like this?
Orbex
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

*