ad
Forex Brokers Award 2021
Vote your favourite broker

Crude Oil Retreats After Hitting $40.00

Jun 9 2020, 07:09 PM (BDT) | Orbex.com

wti crude oil

WTI Crude oil prices made a strong gain in the early Asian trading session on Monday. Prices, as a result, hit the key level of 40.00.

However, the commodity gave back the gains just as quickly and is down over 2% intraday.

The volatility in crude oil continues and this move could see a possible correction lower.

For the moment, the minor support level at 37.67 might stall the declines.

But in the event of a breakdown lower, we expect oil prices to correct to the 34.42 level.

A lower high will possibly validate this downside bias.

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