Crude Oil WTI Technical Analysis & Trade Signals

Crude Oil WTI

CRUDE OIL WTI Price Technical Analysis: Weekly Chart

  • In the weekly charts, Crude Oil WTI is trading in an upward channel.
  • Crude Oil WTI  is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  • Crude Oil WTI  will follow an uptrend in the coming weeks.
  • The  Crude Oil WTI crucial support level is at 74.09 which is near 20 days SMA as of now. There are no signs of a bearish trend.
  • Bulls have their tight grip on Crude Oil WTI.

TRADE SIGNAL-   CRUDE OIL WTI– Buy: 97.20, TARGET:-98.20, STOP LOSS:- 96.70

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