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WTI Remains Range Bound

Posted On 25 Mar 2020
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Crude oil price action remains modest with price erasing the gains made earlier in the day.

Oil prices continue to remain slightly volatile in the near term.

However, if the downside bias persists, we could expect oil prices to dip back to the 22.00 handle.

This would mark another retest of the support level. To the upside, the resistance level at 28.00 will be the near term target.

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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