From TradingView · · 40s
WTI Crude Pushes Back Toward 107
WTI crude oil rejects support and moves toward 107 after two weeks of range-bound trading.
In brief
WTI crude oil rejects support and moves toward 107 after two weeks of range-bound trading. WTI crude oil rejected 88 support and advanced toward 107 as it reclaimed both moving averages. Originally reported by TradingView.
WTI Crude Rejects Support
WTI crude oil rejected 88 support after two weeks of range-bound trading.
Price Reclaims Moving Averages
Price reclaimed 50 ema at 97.79 and 200 ema at 94.68 after reversing from 88 floor.
Price Moves Toward 107
WTI crude oil is now two-thirds of the way to 107 ceiling after completing a trip from lower boundary.
Here's the gist
WTI crude oil rejected 88 support and advanced toward 107 as it reclaimed both moving averages.
