WTI is having a small consolidation after a huge selloff in January. Immediate resistance is seen at $52 a barrel. Crude oil daily chart The crude oil West Texas Intermediate (WTI) was sold off consistently throughout January. The market is having a small rebound from $50 a barrel while trading well below the main SMAs. Crude oil four-hour chart Black gold is having a small consolidation below the main SMAs as bears are looking for an extension of the bear trend below the 49.60 level. On the flip side, bulls might try to defend the important psychological level at $50 a barrel. A daily break above 52 and 54 could lead to a deeper retracement up towards the 55 figure. Additional key levels 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 Ripple Price Analysis: Another high has been taken out FX Street 2 years WTI is having a small consolidation after a huge selloff in January. Immediate resistance is seen at $52 a barrel. Crude oil daily chart The crude oil West Texas Intermediate (WTI) was sold off consistently throughout January. The market is having a small rebound from $50 a barrel while trading well below the main SMAs. Crude oil four-hour chart Black gold is having a small consolidation below the main SMAs as bears are looking for an extension of the bear trend below the 49.60 level. On the flip side, bulls might try to defend the important… 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.
