WTI is trading off fresh May’s highs. Strong resistance is capping oil near the 34.25 level. WTI four-hour chart The WTI recovery from April’s lows is consolidating after printing fresh May’s highs. WTI is trading above the main SMAs on the four-hour capitalizing on the upward momentum in the medium-term. However, as oil stays in an overall bearish trend, it is unclear if the 34.25 resistance can be broken in a sustainable manner. On the flip side, sellers would need a daily close below the 32.00 support level in order to revisit the 30.00 level. Resistance: 34.25, 36.00 Support: 32.00, 30.00 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 ECB’s de Guindos: ECB open to recalibrate asset-buying programmes FX Street 3 years WTI is trading off fresh May’s highs. Strong resistance is capping oil near the 34.25 level. WTI four-hour chart The WTI recovery from April’s lows is consolidating after printing fresh May’s highs. WTI is trading above the main SMAs on the four-hour capitalizing on the upward momentum in the medium-term. However, as oil stays in an overall bearish trend, it is unclear if the 34.25 resistance can be broken in a sustainable manner. On the flip side, sellers would need a daily close below the 32.00 support level in order to revisit the 30.00 level. … 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.
