Oil Technical Analysis: Uptrend intact as WTI trades near $64.00 a barrel
|Oil daily chart
- WTI is trading above its main simple moving averages (SMA) 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 bull trend remains intact.
- The level to beat for bulls is 64.30, then 64.70 followed by 65.10.
- To the downside, support is seen at 63.50 and 63.00 level.
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