The gains that WTI and Brent crude have posted since their lows on 28 April, barely three weeks ago, are likely to see a correction, in the opinion of Howie Lee from OCBC Bank. Key quotes “There are some signs that the rally in crude oil has been too fast, too furious, and a correction might be imminent after the heady gains from the past three weeks.” “Beyond the near-term, we think crude oil is set to continue rallying, with Brent possibly headed for $40/bbl before the year ends – but in the coming week or two, we see some selling pressure forming.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Pakistan: SBP likely to ease further – Standard Chartered FX Street 2 years The gains that WTI and Brent crude have posted since their lows on 28 April, barely three weeks ago, are likely to see a correction, in the opinion of Howie Lee from OCBC Bank. Key quotes “There are some signs that the rally in crude oil has been too fast, too furious, and a correction might be imminent after the heady gains from the past three weeks.” “Beyond the near-term, we think crude oil is set to continue rallying, with Brent possibly headed for $40/bbl before the year ends – but in the coming week or two, we see some… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
