WTI Remains Range Bound

March 25, 2020

By Orbex

Crude oil price action remains modest with price erasing the gains made earlier in the day.

Oil prices continue to remain slightly volatile in the near term.

However, if the downside bias persists, we could expect oil prices to dip back to the 22.00 handle.

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This would mark another retest of the support level. To the upside, the resistance level at 28.00 will be the near term target.

By Orbex