Oil prices may have exhausted this week with WTI marking the largest weekly loss since November. The technical trade levels that matter on the Crude weekly chart.
Oil prices have exploded amid the Russian invasion of Ukraine- a technical breakout of the uptrend risks a run on the highs. The levels that matter on the weekly chart.
A rally of more than 50% off the December lows takes WTI into uptrend resistance and threatens an 8-week advance. The levels that matter on the weekly technical chart.
Oil prices have marked fresh seven year highs for the past three weeks with WTI now eyeing uptrend resistance. The levels that matter on the weekly technical chart.
The price of US crude oil has eased over the past week on fears that demand will be hit by the spread of the Omicron coronavirus variant. However, the fall has been small, suggesting some underlyin.