Search ForexCrunch
  • WTI bulls are hesitant below the 28.00 resistance.
  • The level to beat for sellers is the 24.00 support.
  
 

WTI four-hour chart

 
The WTI recovery is stalling below 28.00 resistance but above the main SMAs on the four-hour chart. As the oil market stays in an overall downtrend the above-mentioned level can be hard to overcome in the medium-term. However, sellers would need to regain the 24.00/22.00 support zone to have a retest of the 2020 lows. 
 
 
 
Resistance: 28.00, 32.00
Support: 24.00, 22.00
 
 

Additional key levels