- WTI has corrected down to trade near the 36.00 figure.
- The overall risk-on mood is supporting oil prices.
WTI four-hour chart
WTI is trading just above the 36.00 figure while above the main SMAs on the four-hour chart as the market bias remains tilted to the upside. A potential extension of the move up can lead to a retest of the 38.40 and 40.20 levels in the medium-term. On the flip side, a clear break below the 36.00 support could lead to a deeper retracement down towards the 34.20 level initially.
Additional key levels
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