WTI maintains strong gains for a second day

0 41

WTI crude oil prices are rising higher for a second day. Prices rose over 16% into Friday’s close, led by the optimism of an OPEC supply cut.

At the time of writing, WTI crude oil prices are trading near the resistance level of 28.00.

If this level cannot be cleared, we expect prices to drift back into range.

However, the floor at 22.00 looks to be solidly in place for the moment. This will mean that oil prices have likely formed a bottom.

Test your strategy on how Oil prices will fare - Open Your Orbex Account Now

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.