Oil Technical Analysis: WTI stays bullish near multi-month’s highs

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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 bull trend remains intact above $66.00 a barrel. 

Oil 30-minute chart

  • WTI is trading above its 200 SMA suggesting bullish momentum in the short-term.
  • The level to beat for bulls is the 66.60 level followed by 67.00 and 67.40.
  • Support is seen initially at 65.60 and then 64.10 level.

Additional key levels

 

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