The bull trend remains in place above $61.00 a barrel. Bull will need to push prices above 62.60 to be out of the woods. Oil daily chart WTI (West Texas Intermediate) is trading in a bull trend above its main simple moving averages (SMAs). The market is stabilizing near $61.00 a barrel. Oil 4-hour chart WTI is trading below its main SMAs suggesting bearish pressure in the medium term. Oil 30-minute chart WTI is trading above its main SMAs suggesting bullish momentum in the short term. The key level to beat for bulls is 62.60. If cleared then 63.020 and 64.00 can come into play. Supports to the downside can be seen at 61.80 and 61.00. 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 Gold retreats to $1280 area as US stocks and 10-year T-bond yield turns positive on the day FX Street 3 years The bull trend remains in place above $61.00 a barrel. Bull will need to push prices above 62.60 to be out of the woods. Oil daily chart WTI (West Texas Intermediate) is trading in a bull trend above its main simple moving averages (SMAs). The market is stabilizing near $61.00 a barrel. Oil 4-hour chart WTI is trading below its main SMAs suggesting bearish pressure in the medium term. Oil 30-minute chart WTI is trading above its main SMAs suggesting bullish momentum in the short term. The key level to beat for bulls is 62.60. If cleared then 63.020… 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.
