ad
Forex Brokers Award 2021
Vote your favourite broker

WTI Crude Oil Takes A Breather After Strong Gains

May 7 2020, 01:33 PM (BDT) | Orbex.com

wti crude oil

WTI crude oil prices are down about 7% intraday. This comes after prices were rallying sharply in the previous six sessions.

The retracement is showing prices testing the 25.00 handle.

As long as this level holds, crude oil prices see an upside bias with a possible consolidation taking place.

However, a deeper correction could emerge. This will pull oil prices lower back to the 17.80 handle where support will be most likely forming.

Orbex.com

At Orbex, the client is at the heart of everything we do and everything we do is designed to guarantee your satisfaction. Here’s how Forex Trading with Orbex will enhance your trading experience: Best-in-class customer service, including live chat and free webcall One-hour response time for sales and support requests Multiple asset trading and ECN accounts on MT4 0.9 pip fixed spread at ZERO commission Up to 1:500 leverage
ad