U.S. WTI crude futures rose to the intraday high at $85.41 a barrel before closing down 0.2% at $83.58 a barrel on Monday.
Oil prices retreated and struck agonist the lower Bollinger band.
The bearish cross between 20-period and 50-period moving averages are identified.
The key resistance level is located at $84.25.
The downside targets are $83.20 and $82.55.
- 00:01:01
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