WTI Crude Oil Struggles To Clear 43.50
![wti crude oil](https://assets.iorbex.com/blog/wp-content/uploads/2020/09/17184430/WTI-0209-750x430.png)
Oil prices are trading modestly higher but price action still remains below the 43.50 technical resistance.
The downside is also supported as the consolidation in the commodity continues with a slightly bullish bias.
The support level near 42.00 is yet to be tested. The current ranging price action is forming a narrow range between 43.50 and 42.50 regions.
A breakout from either of these levels could see a near term momentum established.
The positioning in the Stochastics oscillator suggests that price action could possibly move lower.
The dynamic support off the trend line should hold for the moment.