WTI technical outlook
Monday’s bullish bounce sees WTI trading above the $82.00 handle after catching a rebound from a previous supply zone near $80.00 per barrel. Crude Oil has gained nearly 7.5% from the last swing low below $77.00.
Monday’s bullish extension adds further topside momentum to a technical recovery on daily candlesticks after WTI US Crude Oil bottomed out near $67.85
Monday’s bullish bounce sees WTI trading above the $82.00 handle after catching a rebound from a previous supply zone near $80.00 per barrel. Crude Oil has gained nearly 7.5% from the last swing low below $77.00.
Monday’s bullish extension adds further topside momentum to a technical recovery on daily candlesticks after WTI US Crude Oil bottomed out near $67.85
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