3 min readOIL (WTI/USD | BRENT):
As geopolitical tensions continue to escalate, commodities like oil have experienced short-term volatility. Currently, prices are trading below $70.00 and appear to be trending lower in the near term.
A closer look at the technicals reveals a clear rejection of the internal descending trend line, which aligns closely with the daily 50 EMA. The RSI indicator shows no signs of the price being overbought or oversold, indicating that the current price action is neutral as we continue to range within this area of interest.
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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.
