WTI oil breaks 70, focus shits to 63/67 support zone

<p><img width="479" height="359" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-oil14.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2018/03/f-oil14.jpg 479w, https://www.actionforex.com/wp-content/uploads/2018/03/f-oil14-80×60.jpg 80w, https://www.actionforex.com/wp-content/uploads/2018/03/f-oil14-265×198.jpg 265w" sizes="(max-width: 479px) 100vw, 479px" /></p>
<p>WTI crude oil fell sharply overnight, breaking 70 psychological level for the first time since June. Further decline is expected in the short-term from technical perspective. But 63/67 support zone is expected to provide a floor to contain this downtrend. This selloff is driven by several key factors. The primary concern is demand destruction in [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/live-comments/530603-wti-oil-breaks-70-focus-shits-to-63-67-support-zone/">WTI oil breaks 70, focus shits to 63/67 support zone</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>

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