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WTI Oil: Oil Eases after Steep Recovery on Renewed Demand Concerns

WTI Oil: Oil Eases after Steep Recovery on Renewed Demand Concerns
Strong rebound from new lowest since Dec 2021 ($63.63, May 4 low) in past three days is pausing on Tuesday after the action was capped by daily Kijun-sen and 50% retracement of $83.51/$63.63 fall. Bulls lost traction on weak China’s data, as imports fell much below expectations and exports rose less than previous month, adding […] The post WTI Oil: Oil Eases after Steep Recovery on Renewed Demand Concerns appeared first on Action Forex... Read More
Posted: May 9 2023, 10:03
Author Name: actionforex
Views: 081717

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