WTI extends the consolidation theme between $56.00 a barrel and 57.00 resistance. The levels to beat for bears are seen at 56.00 and 55.00 figure. Oil daily chart WTI (West Texas Intermediate) is consolidating below $57.00 a barrel for the 8th consecutive day as the market is below its main daily simple moving averages (DSMAs). Oil 4-hour chart WTI found resistance at the 57.00 mark and the 200 SMA keeping the consolidation theme intact for now. Oil 30-minute chart Earlier in the New York session, the market attempted to reach the 57.00 level but the market seems reluctant to break above this level just yet. The market is currently balanced between the 56.00 and 57.00 levels. However, bears would need a break below 56.00 to reach 55.00 on the way down. 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 Ripple’s XRP technical analysis: XRP/USD subject to a breakout from bearish pennant structure FX Street 4 years WTI extends the consolidation theme between $56.00 a barrel and 57.00 resistance. The levels to beat for bears are seen at 56.00 and 55.00 figure. Oil daily chart WTI (West Texas Intermediate) is consolidating below $57.00 a barrel for the 8th consecutive day as the market is below its main daily simple moving averages (DSMAs). Oil 4-hour chart WTI found resistance at the 57.00 mark and the 200 SMA keeping the consolidation theme intact for now. Oil 30-minute chart Earlier in the New York session, the market attempted to reach the 57.00 level but the… 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.
