USOIL WTI CFD Weekly - 24 - 28 Aug 2020

US dollar’s strength and the coronavirus (COVID-19) fears could be cited as negatives, storms marching towards the Gulf of Mexico are the latest positives for the black gold.

Technically we are looking at sideline range trading after declining from top $43 and currently trading around $42.5, key level support would hit lowest at 41.5 lower line