After several days of range, WTI eventually dropped to 11-day lows. The level to beat for bears is the 55.50 support. Crude oil daily chart The crude oil West Texas Intermediate (WTI) is currently trading just below $56.00 a barrel and the 100/200-day simple moving averages (DMAs). Crude oil four-hour chart WTI is sliding below the 56.00 handle and the 50 and 100 SMAs, driving prices to 11-day lows. The level to beat for sellers become the 55.50 level, which was important in October. A successful break below this level can lead to 54.50 in the medium term. Crude oil 30-minute chart The is trading below its main SMAs, suggesting a bearish bias in the near term. Resistances are seen at the 56.04, 56.40 and 57.00 handle. 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 Tradestation launch new a crypto platform in the US FX Street 3 years After several days of range, WTI eventually dropped to 11-day lows. The level to beat for bears is the 55.50 support. Crude oil daily chart The crude oil West Texas Intermediate (WTI) is currently trading just below $56.00 a barrel and the 100/200-day simple moving averages (DMAs). Crude oil four-hour chart WTI is sliding below the 56.00 handle and the 50 and 100 SMAs, driving prices to 11-day lows. The level to beat for sellers become the 55.50 level, which was important in October. A successful break below this level can lead to… 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.
