Daily Technical Analysis video on Commodities from Trading Central : Crude Oil WTI - Intraday rebound expected

00:00 Crude Oil WTI Market News
00:23 Crude Oil WTI Technical Analysis
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• Crude Oil WTI MarketNews:
On Friday, Crude Oil WTI (April) slumped 2.8% to $76.55 a barrel.
Investors worried that hawkish signals from the Federal Reserve could lead to a sharper interest rate hike.
Besides, Baker Hughes reported that the total number of rotary rigs in the U.S. fell to 760 as of February 17 from 761 in the prior week, and rigs in Canada slipped to 248 from 250.

• Crude Oil WTI TechnicalAnalysis:
On Monday, Crude Oil WTI rebounded 0.8% during the European trading hours.
The bullish cross of moving averages has been identified.
The RSI is located at the buying zone.
The intraday support is located at $76.30.
The rebound targets are $77.60 and $78.20.
Only a break below $76.30 would call for a return to $75.70

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