WTI Crude Oil is Heading Towards $43.10 per Barrel

West Texas Crude and Brent crude both saw steep rises in the month of May and the rise is expected to continue in the month of June as well. The rise in crude price is backed by falling global production and expectations of demand from across the globe as world's major economies are reopening post COVID-19 lockdowns, life is expected back to normal soon.

WTI crude future recorded a whopping 88% rise in last month after trading in negative mark. Technically we may soon see WTI crude reaching a level of $43.10 per barrel. A range of $43.50 and $45.30 will act as a resistance. On down side a level of $32.40 will act as immediate support.



By Sandesh Nandode, Forex and Crypto Analyst- Dubai
https://futurefxmarket.com/
Location: Dubai - United Arab Emirates

Comments

  1. Mandy7124June 17, 2020 at 8:07 PM

    Thanks for this update

    ReplyDelete
    Replies
    1. FutureFXMarketJune 17, 2020 at 8:12 PM

      Thank you, stay tune with us for such researched articles on Forex, CFD's, Crypto's and Commodities future. Let's join hands together for better future.

      Delete
  2. UnknownJune 17, 2020 at 8:16 PM

    Great Information

    ReplyDelete
  3. KshamaJune 17, 2020 at 8:59 PM

    Extremely useful piece of information. It is very useful

    ReplyDelete

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