Home Oil Technical Analysis: WTI soars to multi-month’s high as bulls challenge $64.00 a barrel

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Oil Technical Analysis: WTI soars to multi-month’s high as bulls challenge $64.00 a barrel

FX Street

Published date: 8 Apr. 2019 | 17:43

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 leaving the bull trend intact.
The level to beat for bulls is 63.30 followed by 64.70 and 65.10 level.
To the downside, support is seen at 63.50, 63.00 and 62.50 level.

Additional key levels

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