HomeLive CommentsWTI mildly higher, eyeing 47.66 temp top for rally resumption

WTI mildly higher, eyeing 47.66 temp top for rally resumption

WTI crude oil trades mildly higher today with focus now back on 47.66 temporary top. Break will resume rise from for 50 handle and above. We’re looking at a long term resistance in 55 month EMA at 52.79 to limit upside, at least on first attempt. However, considering bearish divergence condition in 4 hour MACD, break of 44.87 will indicate short term topping. Deeper pull back could then be seen to 55 day EMA at 42.49.

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