Oil Technical Levels - 19.01.2018
Oil price remains elevated over geopolitical tensions surrounding Iran and Venezuela and as inventories slide.
WTI is currently trading at $63.1/barrel. Immediate support lies at $62 area and resistance at $66 area.
Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement.
Brent is trading at $5.3 per barrel premium to WTI.
Brent is trading at $68.4/barrel. Immediate support lies at $67 area and resistance at $72 region.