3 min readOIL (WTI/USD | BRENT):
Oil has been a fascinating commodity to watch lately, as ongoing economic uncertainty has continued to create volatility. The price is currently trading just below $71.00.
Looking more closely at the technicals, we can see that the price briefly dipped below this internal ascending trend line before rebounding upward. If this “fake-out” holds, I’ll be watching to see if we can continue pushing higher into the $77.00 range, which aligns with this internal resistance zone.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
