WTI justifies Thursday’s Doji to march towards $69.00 amid cautious optimism

📆 3/17/2023 5:11 AM
📰 FXStreetNews

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 72%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

WTI justifies Thursday’s Doji to march towards $69.00 amid cautious optimism – by anilpanchal7 Oil WTI Commodities Candlesticks RiskAversion

stifies the price-positive technical details while also taking clues from the market’s cautious optimism.on the daily chart formation joins the oversold RSI line to favor the WTI crude oil’s corrective bounce off the lowest levels since December 2021. Adding strength to the corrective bounce could be the US Dollar’s latest retreat, as well as hopes of overcoming the fears of the 2008 financial crisis.

It’s worth noting that comments from Saudi National Bank's Chairman, Ammar Al Khudairy, conveying the “sound” conditions of Credit Suisse join the major US banks’ efforts to help California-based First Republic Bank to avoid a liquidity crunch to favor the risk-on mood.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WTI drops below $72, shrugs off optimistic IEA’s oil market viewIn its latest oil market report published on Wednesday, the International Energy Agency (IEA) said that “rebounding air traffic and the release of pen
Source: FXStreetNews - 🏆 14. / 72 Read more »