Daily chart of West Texas Intermediate (WTI) Crude Oil.
S-Trader Trend Tracker daily resistance levels still remains.
Resistance1 = $51.38
Resistance2 = $49.18
Based on yesterday's closing price,
50-period simple moving average (SMA) = $49.56
200-period simple moving average (SMA) = $49.24
Looking at the chart. There are several resistance ahead for the price action to clear before a sustainable bull could takes charge.
Will it has the strength to overcome ?
Source :
1) Metastock
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