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Oil Technical Analysis: WTI hovering below $66.00 a barrel as Asian markets open

Oil daily chart

  • WTI is trading in a bull trend above its main simple moving averages (SMAs).

Oil 4-hour chart

  • Crude oil WTI jumped to $66.00 a barrel.  

Oil 30-minute chart

  • Crude oil will most likely need to correct down to 65.20 or 64.60 in the short-term.
  • The level to beat for bulls is seen at 66.00. The next resistance in line is seen at 66.40 level. 

Additional key levels

 

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