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15 Apr 2019
Oil Technical Analysis: WTI starts the week with a slump towards $63.00 a barrel
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 its main 50 SMA suggesting a correction in the medium-term.
Oil 30-minute chart
- WTI is trading below its main SMAs suggesting a bearish bias in the short-term.
- The market can decline towards 63.00 and 62.60 level.
- Resistance is seen at 63.50 and 64.00 figure.
Additional key levels