News

WTI Crude Daily Technical Analysis

           News
news-pic-031

WTI Crude daily timeframe price action is showing a rising wedge pattern. The price action could not break above 200 Day SMA, after pulling back to retest 20 period SMA level.

However Friday candle is very Bullish in nature. Any further upside will be capped by 98.29 followed by 100.68 and finally 106.43 levels. Alternatively if the support of 20 period SMA and rising trend line fail to provide future support at 94.89 level the next support could potentially be found at 92.50 and 90.00 which is the 38.2% Fib Retracement from the current high of 98.29. Indicators like MACD and Stoch are pulling back from overbought levels.


Alfa Energy Group

Alfa Energy Group is an international energy, water, and sustainability consultant partner with 200 employees over 4 international locations. For over 25 years, Alfa has been servicing its clients’ needs through energy and water management, sustainability, and compliance consulting, and an intuitive ecosystem of user-driven energy, water, and carbon management software platforms. With coveted awards, an international industry-wide recognition, and clever simple solutions, today Alfa is partnering with clients to establish and deliver pivotal net zero strategies. Through smart energy management, the expertise and diligence of its people, transparent processes, and data management, Alfa continues to lead through its recognised gold standard of service delivery.