Page 8 - Oil Technical News Today

WTI oil started out the week strong, but with it swiftly reversing lower the outlook is now towards lower prices in the near-term.

Crude oil prices tried higher but a report from OPEC saw it slip lower while the US Dollar caught an up draft on higher Treasury yields. Where to for WTI?

Oil prices are attempting a fifth weekly rally with the immediate focus on a breakout of a multi-month price range. Levels that matter on the WTI weekly technical chart.

Crude oil holds up despite the recent turmoil permeating other markets and a stubbornly high US CPI. Will WTI see a volatility break out?

Oil plunged more than 6% this week with crude continuing to contract within a massive consolidation range. The technical levels that matter on the WTI weekly chart.

Crude oil prices are moving lower after an overnight drop spurred by Saudi Arabia's price cut for June deliverables. The technical outlook appears troublesome as well, with key support giving way.

Crude oil prices may continue to rise if bulls can push above the April high. A rosy fundamental backdrop will likely help to fuel bullish sentiment.

WTI oil has been relatively quiet for the past few weeks, but it’s not likely it will stay like that much longer; levels and lines to watch for a breakout.

Crude oil prices are modestly higher as traders await potential details on a Russian oil embargo in the next round of EU sanctions. Meanwhile, China’s lockdown woes continue to weigh on the demand ...

Oil prices in the Brent and WTI benchmarks steadied this morning after dropping on Monday as Covid jitters take hold as Beijing locks down. The API and EIA inventory data sets are in focus this week.