Page 5 - Oil Technical News Today

WTI and Brent crude oil prices are little changed after US inventory data revealed record high exports. An upcoming Russian fuel ban by the EU is disrupting international flows and supply lines.

WTI oil is looking more and more bullish as it undergoes what looks like a bottoming and turning process; levels and lines to watch in the days ahead.

Crude oil prices are poised for a breakout as WTI contracts into a key pivot zone- the September rally hangs in the balance. Levels that matter on the technical charts.

WTI oil is pulling back into support after an extremely powerful thrust higher; this sets up the current decline as a potential pullback opportunity.

Oil prices plunged for a third-week but held above key technical support- threat remains for major price inflection. Levels that matter on the WTI weekly technical chart.

Crude oil prices are retreating after rising on Monday. China's battle against Covid remains a bearish drag despite a breakdown in talks between Tehran and Washington. US inventory reports are in focus.

Crude oil prices are staging a recovery in Asia-Pacific trading after a sharp drop on Wednesday amid broadening Chinese Covid lockdowns. US inventory data from the EIA is in focus.

Oil prices plunged more than 6% this week with WTI now testing a critical support pivot- a BIG moment for Crude. The levels that matter on the weekly technical chart.

WTI oil is testing the 200-day moving average again, last time it failed; levels and scenarios to know for the days ahead.

Oil prices surged more than 5% off the lows with WTI reversing sharply off key technical support- is a low in place? The levels that matter on the weekly chart.