WTI Crude oil testing double bottom resistance

0 142

WTI crude oil prices are posting strong gains, gaining over 19% on the day.

Price action is near the resistance level of 17.80. This marks the resistance level of the double bottom pattern.

Oil prices need to break-out above this level to confirm further upside.

The double bottom target is at the 25.00 handle. This will be confirmed if prices break out convincingly above the resistance level of 17.80.

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


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.