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Oil Technical Analysis: WTI is about to end the week near $64.00 a barrel

Oil daily chart

  • WTI is evolving above its main simple moving averages (SMAs) suggesting a bullish bias.


Oil 4-hour chart

  • Crude oil WTI is trading above its main SMAs suggesting a bullish bias in the medium-term.


Oil 30-minute chart

  • WTI is trading above its main SMAs as the uptrend remains intact.
  • The level to beat for bulls remains 64.30 resistance, then 64.70 followed by 65.10.
  • To the downside, support is seen at 63.50 and 63.00 level.

Additional key levels

 

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