Crude Oil Analysis Crude Oil is moving in the Box Pattern and | Forex GDP

Crude Oil Analysis

Crude Oil is moving in the Box Pattern and the market has reached the horizontal support area of the pattern.

China is once again facing more lockdowns due to being unable to control the COVID crisis in the country. As a result, crude oil demand has dropped in the country, which has caused crude oil supply to be abundant for now, and prices are stabilizing again.

Top 10 Forex News and Analysis – Sep 01, 2022, Check here: https://www.forexgdp.com/news/daily-forex-analysis-2022-09-01/