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WTI Crude Oil Technical Analysis - This resistance is key

Crude Oil has been rallying strongly in the past month as the prospects of more economic stimulus from China, the resilience of other advanced economies and the production cuts gave the black gold a tailwind to reach the $83 level. In fact, recently we got a promise from Chinese authorities that they will step policy support for the economy and last week Saudi Arabia announced that they will extend their voluntary production cut through September which can be extended further or even deepened. T... Read More

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Crude

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This

Resistance

Forex

Posted: Aug 9 2023, 08:27

Author Name: forexlive

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