Crude Oil WTI WEEKLY Technical Analysis – 24 February 2022

 Crude Oil WTI

CRUDE OIL WTI Price Technical Analysis: Weekly Chart

CRUDE OIL WTI
  • In the weekly charts, Crude Oil WTI is trading in an upward channel.
  • Crude Oil 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 will follow an uptrend in the coming weeks.
  • The Crude Oil WTI crucial support level is at 88.16 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: 99.10, TARGET:-100.10, STOP LOSS:- 98.60.

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