WTI crude oil hovers below 22.00
![](https://www.orbex.com/blog/wp-content/uploads/2020/04/WTI-0204-750x430.png)
Oil prices are trading slightly higher with prices rising modestly, by 1.50% intraday. However, prices remain strongly below the 22.00 handle meaning that there is still a downside risk.
For the moment, price action is caught in the range of 22.00 and 19.25. A breakout from these levels could be expected.
The Stochastics oscillator points to a possible hidden divergence which confirms with the downside bias.