Crude oil WTI Technical Analysis: Black Gold bulls challenging 5-day high as they break above $66.00 a barrel
|- Oil bulls found support at the 65.00 figure on Monday and are currently trading above the 66.00 mark.
- WTI is trading above its daily 100-period simple moving average as bulls are trying to create a base from which they could target the 68.30 key supply level.
- United Arab Emirates OilMin: US hasn't asked to boost oil production. For more details click here.
Crude oil WTI 15-minute chart
Spot rate: 66.06
Relative change: 0.85%
High: 66.10
Low: 64.83
Trend: Bullish
Support 1: 65.00 figure
Support 2: 64.12-63.72 demand zone
Support 3: 62.25 March 16 close
Resistance 1: 66.00 key resistance
Resistance 2: 66.56 May 31 low
Resistance 3: 68.30 key supply level
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