May 17, 2023 BY Steffy Bogdanova

Daily Report: Commodities displaying bearish tone

WTI Oil Daily Timeframe. The price of oil has been on a downward slide since topping at $126.35/bbl, pencilling in a series of lower lows and lower highs since March 2022. I did note that since the unit chalked up a lower low at $63.94 (4 May), a move which reaffirmed the market’s bearish bias,…

Read more