WTI Price Chart
In today’s technical analysis of US Oil, the commodity is trading slightly higher at $77.60, marking a 0.06% increase. The analysis, based on a 4-hour chart timeframe, reveals critical price levels to watch. The pivot point stands at $77.23, serving as a baseline for current trading dynamics.
Resistance levels are identified at $78.89, $79.53, and $80.36, indicating potential upward barriers. Conversely, support levels are established at $76.00, $74.95, and $73.82, outlining areas where price declines may halt. The 50-Day Exponential Moving Average (EMA) is currently at $77.21, closely aligned with today’s price, suggesting a balanced market sentiment.
