Crude Oil Downtrend Resumes After Breaking Key Support – Forex Market Analysis – ForexCycle.com
The WTI crude oil futures contract has broken below the key 76.01 support level, plunging as low as 73.65 in recent trading sessions. This technical breakdown suggests that the broader downtrend from the 87.07 high on April 5th has resumed. Further Downside Risks Emerge Following the break of the 76.01 support, the next key downside…