WTI Crude Oil Settles Back Near $22

March 24, 2020

By Orbex

Crude oil prices are modestly weaker, down over 5% on the day.

This comes as price action is back to testing the support level of 22.00.

Given that this is a key price level, a break down lower could trigger further losses.


Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter






However, oil price action is looking to be at a critical point. The bias remains a bit mixed at this point.

By Orbex