Oil prices remain off the lows and manage to stay above $64.90 in the Asian session. WTI faces stiff resistance near $66.50 as of Wednesday, and prices came under selling pressure after making a daily high of 66.75. At the time of writing, WTI is trading at $64.92, up 0.32% on the day. {chart} On the four-hour chart, WTI has been nursing the previous day’s losses while making an effort to reclaim the $65 psychological mark. Prices are hovering around the 50% Fibonacci retracement level placed near $64.80 with the possibility of falling toward $64.50, which is the 61.8% Fibonacci retracement level. The Moving Average ... (full story)