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WTI Crude Oil Technical Analysis - The bulls are eyeing the key resistance

The OPEC+ production cuts and the expectations of more economic stimulus in China following the dismal inflation numbers, gave Crude Oil enough strength to break above the key resistance zone around the $75 level. After a brief rally, the price stalled and reversed as the PBoC held off from delivering more rate cuts. On Monday though, China has promised more stimulus, giving another boost to Crude Oil prices with the $83 resistance now in sight. WTI Crude Oil Technical Analysis – Daily Timeframe... Read More

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Content Topics

Crude

Technical

Analysis

Bulls

Eyeing

Resistance

Forex

Posted: Jul 26 2023, 08:25

Author Name: forexlive

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