Crude oil price has broken above $42.50 psychological resistance level. What is next? Today’s WTI Technical Analysis reveals.
Oil bullish trend is still intact but the volatility increased extremely. Oil strikes above $40 psychological area. Can recover further?
Oil has become volatile and corrective but still remaining above $40 area. Oil price dropped today as investors hope OPEC will extend supply cut.
Oil sustained the bullish momentum above $40 area with a weekly close. Oil climbed above $45.50 area as bulls are optimistic to climb further.
Oil has successfully recovered towards $40 area after breaking above $35 with a weekly close. Oil found resistance at $40 area, but bulls still optimistic.
Oil has become quite impulsive and non-volatile after breaking above $35 area. Oil recover higher expecting that OPEC+ will cut the output further.
Oil price climb today morning as WTI June contract on Tuesday closed without any conflict. Oil broke above $30 area but the demand anxiety still continues.
Oil price rose today during the Asian session by extending gains of the last four days. Oil bullish rally continues as OPEC output cut signs positive.
Oil price is soaring as OPEC sharply cuts output, according to the ANZ bank. Easing COVID-19 lockdown could bring recovery for the current oil situation.
Oil price climbs higher today during the Asian session as U.S. Stocks fall. Oil bulls are active below $27.50 area, can WTI recover higher towards $36.