WTI Futures on NYMEX print mild gains of around 0.45% while nearing the highest since March 13, 2020. Sustained break of four-month-old resistance line keeps buyers hopeful. 200-day EMA adds to the upside barriers, a three-week-old ascending trend line offers strong immediate support. WTI takes the bids near $33.64, up 0.45% on a day, during the initial Asian session on Thursday. While a sustained break of a downward sloping trend line from January 09 keeps the bulls in command, 100-day EMA seems to restrict the black gold’s immediate upside. As a result, the energy benchmark’s further upside remains dependent on how well it can cross the $33.54 resistance, which in turn could escalate the run-up towards March 11 top of $36.35. Though, the quote’s further upside past-$36.35 enables the buyers to challenge $40.00 mark ahead of confronting 200-EMA figures surrounding $42.10. On the contrary, the resistance-turned-support line joins an ascending trend line from April 28, near $30.00, to offer strong downside support to the oil prices. WTI daily chart Trend: Pullback expected 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 Global COVID-19 update: Global cases surpass 5 million, financial markets taking it in their stride FX Street 2 years WTI Futures on NYMEX print mild gains of around 0.45% while nearing the highest since March 13, 2020. Sustained break of four-month-old resistance line keeps buyers hopeful. 200-day EMA adds to the upside barriers, a three-week-old ascending trend line offers strong immediate support. WTI takes the bids near $33.64, up 0.45% on a day, during the initial Asian session on Thursday. While a sustained break of a downward sloping trend line from January 09 keeps the bulls in command, 100-day EMA seems to restrict the black gold’s immediate upside. As a result, the energy benchmark’s further upside remains dependent on… 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.
