Forex Trading Library

WTI crude oil holds onto gains, normalcy resumes

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Crude oil prices are up close to 10% on an intraday basis.

This comes following the strong volatility that came on the back of the May futures contracts expiring into negative territory.

Price action is now trading above the 11.86 handle where support seems to be holding for the moment.

The next upside target is at 18.62 which was briefly tested on the rebound during the previous session.

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