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WTI Flirts With Technical Resistance At 33.66

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Crude oil prices are trading rather flat with price action failing to post any strong moves.

WTI Crude oil is flirting with the technical resistance level of 33.66.

This follows the price action from last week.

With a lower high forming, there is a possibility for WTI crude oil to push lower.

But, for the moment, we expect some sideways range to continue.

While the upside is capped at 33.66, the support is at the previous pivot lows of 31.72.

A breakout from either of these levels will see further direction forming.

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Source: https://www.orbex.com/blog/en/2020/05/wti-hugs-flirts-with-technical-resistance
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