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WTI Crude Oil Pushes Above 33.66

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WTI Crude oil prices rose over 4% on Friday and closed above the 33.66 level.

However, price action remains a bit doubtful at the moment.

This is, of course, unless we see a strong rally above this handle.

The next main target level is near the 40s for crude oil. Price action in the commodity remains somewhat mixed which opens the risks of a correction lower.

The Stochastics oscillator is also somewhat bearish that suggests the possibility of a pullback.

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Source: https://www.orbex.com/blog/en/2020/06/wti-crude-oil-pushes-above-33-66
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