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WTI Crude Oil Settles Back Near $22

Posted On 24 Mar 2020
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trading oil

Crude oil prices are modestly weaker, down over 5% on the day.

This comes as price action is back to testing the support level of 22.00.

Given that this is a key price level, a break down lower could trigger further losses.

However, oil price action is looking to be at a critical point. The bias remains a bit mixed at this point.

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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