Uniglobe Markets
Uniglobe Markets
June 5, 2025 at 06:52 AM
*OIL Technical Overview* WTI Crude Oil (USOIL) trades sideways after retracing from its recent high near 63.40. The price hovers just below short-term EMAs with RSI around 45, reflecting slight bearish pressure. Support and Resistance Levels Support: 62.20, 61.60 Resistance: 63.00, 63.40 Buy Scenario A sustained move above 63.00 would reinstate bullish momentum. Sell Scenario A break below 62.20 could confirm short-term weakness toward 61.60.
Image from Uniglobe Markets: *OIL Technical Overview*  WTI Crude Oil (USOIL) trades sideways after ...

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