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29 Apr 2020
Oil New York Price Forecast: WTI capped below 18.80 level
- WTI consolidates losses below the 15.55/18.80 resistance zone
- The level to beat for sellers is the 13.16 support on the WTI futures June contract.
WTI four-hour chart
WTI futures June contract is consolidating losses below the 15.55/18.80 resistance zone. As the overall bias remains to the downside, the black gold is expected to remain capped below the above-mentioned price zone. Sellers could come back for a break below the 13.16 support followed by 9.87 on the way down.
Additional key levels