ap8forexchange

USOIL WTI CFD Weekly - 24 - 28 Aug 2020

Short
FX:USOIL   CFDs on Crude Oil (WTI)
US dollar’s strength and the coronavirus (COVID-19) fears could be cited as negatives, storms marching towards the Gulf of Mexico are the latest positives for the black gold.

Technically we are looking at sideline range trading after declining from top $43 and currently trading around $42.5, key level support would hit lowest at 41.5 lower line

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.