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WTI Crude Oil Technical Analysis

This week we got again some bullish headlines for the Oil market as the Saudi Arabia and Russia are extending their output cuts. This is giving oil prices some support and will probably help to keep the prices near the $70 level, but if we get more recessionary economic data, we are likely to see more lows for Crude Oil. WTI Crude Oil Technical Analysis – Daily TimeframeOn the daily chart, we can see that Crude Oil has been ranging for two months now between the $67 and $73 levels. The OPEC+ pro... Read More

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Posted: Jul 5 2023, 09:06

Author Name: forexlive

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