WTI Pressured To The Downside

Crude oil prices are not getting a respite from the selling.

Price action remains heavily in favor of sellers, and the recent rebound was met with renewed declines.

Crude oil could likely slip to the 28.00 handle in the near term.

The upside remains questionable in the near term unless there is a strong breakout above 30.15.

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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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