Nymex Light Crude Oil retests the April peak at 35.18 and could hit a resistance line at 36.28 where it may slow down, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Interested in oil? Don’t miss the last Brent Oil forecast! Key quotes “Nymex Light Crude Oil is once again testing its April high at 35.18 above which the 2020 resistance line can be spotted at 36.28. Around it we could see recent upside pressure at least short-term diminish.” “Immediate upside pressure should be maintained while the contract remains above last week’s low at 30.72. Below it, the early May high and 55-day moving average make up support at 27.98/97 and the early April low at 26.14.” 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 EUR/GBP Price Analysis: Drops to over 1-week lows, below 0.8900 mark FX Street 3 years Nymex Light Crude Oil retests the April peak at 35.18 and could hit a resistance line at 36.28 where it may slow down, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Interested in oil? Don't miss the last Brent Oil forecast! Key quotes “Nymex Light Crude Oil is once again testing its April high at 35.18 above which the 2020 resistance line can be spotted at 36.28. Around it we could see recent upside pressure at least short-term diminish.” “Immediate upside pressure should be maintained while the contract remains above last week’s low at 30.72. Below it,… 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.
