WTI June Futures step back from the intraday high of $32.91. A four-day-old rising channel above key HMAs keeps bullish momentum intact. Overbought RSI conditions offer intermediate pullback. WTI retreats from the intraday top of $32.91 to $32.70 by the press time of Tuesday’s Tokyo open. Even so, the black gold remains 3.32% positive on a day. It’s worth mentioning that the oil benchmark surged to $33.10, a nine-week high, on Monday. While overbought RSI conditions signal the quote’s further pullback towards the said channel’s support line around $31.70, 100-HMA around $30.00 will be the key to watch afterward. Should the bears keep the reins past-$30.00, a 50-HMA level of $27.88 could gain market attention. Alternatively, the recent high of $33.10 and the channel’s resistance close to $33.50 can keep the pair’s near-term upside capped. If at all the bulls manage to conquer $33.50, March month top near $36.35 will be on their radars. WTI hourly chart Trend: Bullish 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 Top 3 Coins Price Prediction: Bitcoin faces immediate resistance at $9,700, while Ethereum and Ripple also face strong obstacles upfront FX Street 2 years WTI June Futures step back from the intraday high of $32.91. A four-day-old rising channel above key HMAs keeps bullish momentum intact. Overbought RSI conditions offer intermediate pullback. WTI retreats from the intraday top of $32.91 to $32.70 by the press time of Tuesday’s Tokyo open. Even so, the black gold remains 3.32% positive on a day. It’s worth mentioning that the oil benchmark surged to $33.10, a nine-week high, on Monday. While overbought RSI conditions signal the quote’s further pullback towards the said channel’s support line around $31.70, 100-HMA around $30.00 will be the key to watch afterward. Should… 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.
