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  • WTI recovery is taking a break below the May’s highs.
  • Strong resistance can be awaiting near the 34.25 level.
 

WTI four-hour chart

 
The crude oil recovery is taking a break after making fresh May’s highs. WTI is trading above its main SMAs on the four-hour benefiting bullish momentum in the medium-term. However, as crude stays in an overall bearish trend, it remains to be seen if this market can surpass the 34.25 resistance in a sustainable manner. On the other hand, bears would need a daily close below the 32.00 support in order to reclaim the 30.00 level. 
 
 
 
Resistance: 34.25, 36.00
Support: 32.00, 30.00

 

Additional key levels