Oil Technical Analysis: Uptrend intact as WTI trades near $64.00

Oil daily chart

• WTI is trading above its main simple moving averages (SMA) suggesting a bullish bias.

Oil 4-hour chart

• Crude oil WTI is trading above its main SMAs suggesting a bullish bias in the medium-term.

Oil 30-minute chart

• WTI is trading above its main SMAs as the bull trend remains intact.
• The level to beat for bulls is 64.30, then 64.70 followed by 65.10.
• To the downside, support is seen at 63.50 and 63.00 level.

Additional key levels