Oil Technical Analysis: WTI soars to multi-month’s high as bulls challenge $64.00 a barrel

Oil daily chart

• WTI is trading above its main simple moving averages (SMA) suggesting a bullish bias.

Oil 4-hour chart

• Crude oil WTI is trading above its main SMAs suggesting a bullish bias in the medium-term.

Oil 30-minute chart

• WTI is trading above its main SMAs leaving the bull trend intact.
• The level to beat for bulls is 63.30 followed by 64.70 and 65.10 level.
• To the downside, support is seen at 63.50, 63.00 and 62.50 level.

Additional key levels