Oil Technical Analysis: WTI at weekly highs approaching $63.00 a barrel

FX Street

Published date: 5 Apr. 2019 | 19:42

Oil daily chart

WTI is trading above its main simple moving averages (SMA) suggesting a bullish bias.

Oil 4-hour chart

Crude oil WTI is trading above its main SMAs suggesting a bullish bias in the medium-term.

Oil 30-minute chart

WTI is trading above its main SMAs suggesting bullish momentum in the near-term.
Bulls will try to beak the resistance at 63.00 followed by 63.50 and 64.00.
To the downside, support is at 62.50, 62.00 and 61.75 level.

Additional key levels

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