Important Historical Resistance Levels for WTI Crude Oil

3 thg 2, 2021

For a few days now I've been keeping an eye on historical resistance levels for WTI Crude Oil. As you can see on the chart here, since 2014 a resistance level has been established that price has remained faithful to. I have drawn these lines here in red as two variants which differ slightly in angle depending on the highs they are drawn from/to, but the basic 2014 line suggests a firm resistance approaching at the $56 mark. We will see whether resistance is respected here or, should it be broke, the next resistance line would be around $60 mark.