WTI Price Analysis: Bears waiting to pounce but bulls are strong Oil WTI Technical Analysis
Bears could be willing to take the bulls on at a premium from below trendline resistance. Intermediate, WTI, has rallied towards a key resistance area as the following charts will illustrate. However, while a subsequent sell-off might be expected while on the front side of the bearish trendline resistance, there has been a firm layer of support put together near $74.00. Nevertheless, while below $77.00, the bias is to the downside.
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