Crude Oil: Indicators Suggest Price Could Rise Further

<p>Key Highlights Crude oil price recovered significantly above $20.00 against the US dollar. A key bearish trend line was breached near $20.80 on the daily chart of XTI/USD. The US PPI declined 1.2% in April 2020 (YoY), whereas the forecast was -0.2%. The US Initial Jobless Claims for the week ending May 9, 2020 could […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/294940-crude-oil-indicators-suggest-price-could-rise-further/">Crude Oil: Indicators Suggest Price Could Rise Further</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>