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Oil daily chart

  • WTI is trading in a bull trend above its main simple moving averages (SMAs).

Oil 4-hour chart

  • Crude oil WTI bulls keep the buying pressure above $66.00 a barrel.  

Oil 30-minute chart

  • WTI is trading above its main SMAs suggesting bullish momentum in the short-term.
  • The level to beat for bulls is seen at 66.60 followed by 67.00 figure.  
  • A correction towards 65.60 or 64.20 cannot be ruled out.

Additional key levels