
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.
