Home Oil Technical Analysis: WTI ascent goes on as bulls are approaching $65.00 a barrel

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Oil Technical Analysis: WTI ascent goes on as bulls are approaching $65.00 a barrel

FX Street

Published date: 10 Apr. 2019 | 19:07

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 as the bull trend remains intact.
The level to beat for bulls is 64.70 followed by 65.10 and 65.60 level.
To the downside, support is seen at 64.30, 63.50 and 63.00 level.

Additional key levels

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