WTI Crude oil experiences range trading between 58.16 – 57.21 The downtrend may be expected to continue, while the black gold is trading below resistance at 58.16, which will be followed by reaching support at 57.45 and if it keeps on moving down below 57.21, we may expect prices to reach support around 56.60. An uptrend may start as soon as the pair rises above resistance level 58.16, which will be followed by moving up to resistance level 58.74 and if it keeps on moving up above that level, we may expect oil to reach resistance level 59.20. Read more… WTI manages to stay above the 200-day SMA amid US-China trade positive headlines With the 200-day SMA restricting near-term declines of the WTI, the black gold takes the bids to $58.10 during early Tuesday. The energy benchmark earlier benefited from the global rating giant Fitch’s stable sovereign outlook for the Asia-Pacific (APAC). The rating agency shrugs off global challenges, including trade pessimism while holding prevalence of stable rating outlooks over the next 12-18 months. Read more”¦ WTI bounces-back above $ 58 amid trade headlines, ahead of API WTI (oil futures on NYMEX) broke the Asian consolidative phase to the upside in the European trading this Tuesday but the further upside lacks certainty, as ongoing US-China trade developments continue to keep markets confused. Therefore, they refrain from placing any directional bets on higher-yielding assets such as oil. Read more”¦ FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BTC/USD Technical Analysis: Key intraday levels to keep an eye on for the session FX Street 3 years WTI Crude oil experiences range trading between 58.16 - 57.21 The downtrend may be expected to continue, while the black gold is trading below resistance at 58.16, which will be followed by reaching support at 57.45 and if it keeps on moving down below 57.21, we may expect prices to reach support around 56.60. An uptrend may start as soon as the pair rises above resistance level 58.16, which will be followed by moving up to resistance level 58.74 and if it keeps on moving up above that level, we may expect oil to reach resistance level 59.20. Read more...… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
