WTI bear trend remains intact as the market is about to challenge the 2020 lows. The level to beat for bears is the 19.02 support. WTI daily chart WTI is under heavy pressure trading near multi-year lows as crude oil is at a stone’s throw from the 2020 low at the 19.02 level. WTI four-hour chart WTI is trading below its main SMAs on the four-hour chart suggesting a bearish bias in the medium term. As this market remains under heavy selling pressure, the 2020 low is probably going to be challenged and a daily close below the 19.02 level could lead to further downside towards the 18.00, 16.15 and 13.30 price levels. On the flip side, retracements up can find resistance near the 22.00 and 24.00 price level near the 50 SMA. 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 Bitcoin Cash Price Forecast: BCH/USD is edging towards another drop FX Street 2 years WTI bear trend remains intact as the market is about to challenge the 2020 lows. The level to beat for bears is the 19.02 support. WTI daily chart WTI is under heavy pressure trading near multi-year lows as crude oil is at a stone's throw from the 2020 low at the 19.02 level. WTI four-hour chart WTI is trading below its main SMAs on the four-hour chart suggesting a bearish bias in the medium term. As this market remains under heavy selling pressure, the 2020 low is probably going to be challenged and a daily close… Top 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.
