WTI Crude Oil Price Displays Unpredictable Unidirectional Swings
WTI crude oil price continues its volatile unidirectional movements, as the market is still divided on the direction oil prices will take next impacted by geopolitics tensions and slowing demand. The overall outlook remains uncertain due to unclear market fundamentals. The resistance area is currently between 74 and 76, while support can be found at 68. The trend is currently bearish.
|
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
|
81 |
78 |
74 |
70 |
68 |
64.9 |