12 September OIL(WTI) technical analysis


OIL, WTI, Crude Oil Technical analysis, Crude Oil September technical analysis, Technical Analysis On daily chart the price of Crude Oil remains near the low of this year, with prices rebounding off the low as of yesterday’s close.

 

OIL, WTI, Crude Oil Technical analysis, Crude Oil September technical analysis, Technical Analysis On H4 chart the Stochastic Oscillators signals near an overbought range and a likely retest of the downward sloping trend line for the third time may give rise to selling opportunities.

OIL, WTI, Crude Oil Technical analysis, Crude Oil September technical analysis, Technical Analysis On H1 chart, with the price resistance at the 200 H1 moving average, a sell entry can be considered, with TP at 91.6, 90.7 and Stop Loss 93.88. Any support at 90.7 can be seen as an exit signal with a view to buy as the price of Crude oil futures looks to rebound from the low of this year.

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