WTI holds onto the recent gains near $82.40, up 0.05% intraday, during a quiet Asian session on Wednesday. The oil benchmark cheered the US dollar weakness and upbeat sentiment to ward off the bearish inventory levels published by industry sources the previous day. The latest moves, however, await the official stockpile data for further direction.
WTI Oil Technical Analyses: Target Price 87.30 To 88.80
WTI Oil Technical Analyses: U.S. oil may break a resistance at $86.20 per barrel, and rise into a range of $87.30-$88.80. Image source: Thomson Reuters The bullish momentum is pretty strong, as illustrated by the consecutive gains over the past few days. The contract could be riding on a wave …