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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 is trading below $64.00 a barrel and its main 50 SMA suggesting a potential  correction in the medium-term.


Oil 30-minute chart

  • Crude oil WTI is trading below its main SMAs suggesting a bearish bias in the short-term.
  • Bears need to break below 63.60 in order to reach 63.00 figure.
  • If 63.60 support holds then 64.20 and 64.60 resistances are back in play.  


Additional key levels