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WTI Crude Oil Technical Analysis - Another drop in sight?

WTI Crude Oil Technical Analysis - Another drop in sight?
The summer rally in Crude Oil seems to be coming to an end as the sentiment turns sour due to the weakening global economy and the expectations of a big stimulus from China waning. In fact, despite the very weak economic data and an ailing economy, the PBoC delivered small rate cuts and even refrained to cut rates on some key benchmarks. It’s getting more and more clear that we won’t see anything big coming from China and the weakness in its economy is likely to spread across the globe. WTI Crud... Read More
Posted: Aug 23 2023, 07:20
Author Name: forexlive
Views: 111715

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