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WTI Crude Oil – Mind the support at $42 - $44

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    WTI Crude Oil Year-to-date Crude oil prices seem to have broken out of their range after prices briefly touched the highs of $50 few days ago. The rally in Crude oil came amidst concerns of Russia launching airstrikes against the Syrian rebels. On a fundamental level, Crude oil prices have also gained on a weaker US Dollar which has continued to decline steadily since the jobs report for September showing a weak print in the first week of October. WTI Crude oil prices have so far retraced

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