Crude oil futures have rebounded off psychological support after a steep decline from the March highs. Technical support and resistance continue to threaten the imminent move.
Crude oil prices are staging a recovery in Asia-Pacific trading after a sharp drop on Wednesday amid broadening Chinese Covid lockdowns. US inventory data from the EIA is in focus.
Oil prices plunged more than 6% this week with WTI now testing a critical support pivot- a BIG moment for Crude. The levels that matter on the weekly technical chart.
US Dollar Technical Trade Setups: Crude Oil, EUR/USD, USD/CAD Levels dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.