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Oil daily chart

  • WTI is trading in a bull trend above its main simple moving averages (SMAs).
  • WTI is consolidating the $2.8 decline of last Friday.  

Oil 4-hour chart

 

  • WTI found support at 62.50 and is now en route towards 64.00 the figure.
  • If bulls can breach that level then 65.00 can be the next resistance in line.  
  • Support is seen at 61.80 and 60.50.


Additional key levels