Crude oil remains undecided where to go next on the second day of the week. The level to beat for bulls is the 57.50 resistance. Crude oil daily chart The crude oil West Texas Intermediate (WTI) is currently holding above $57.00 a barrel and below the 200-day simple moving average (DMA). The market has been consolidating for more than a week. Crude oil four-hour chart WTI is trading above the main SMAs, keeping the bullish momentum intact above the 56.00 support level. Buyers are likely looking for a daily breakout above the 57.50 level to travel north towards the 58.00, 59.00 and 60.00 price levels. Crude oil 30-minute chart The market remains sidelined around the 57.00 handle, currently above the main SMAs. Support is seen at the 57.00 level followed by 56.40 and the 56.00 figure. 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 USD/CAD technical analysis: Pullbacks might still be seen as a buying opportunity FX Street 3 years Crude oil remains undecided where to go next on the second day of the week. The level to beat for bulls is the 57.50 resistance. Crude oil daily chart The crude oil West Texas Intermediate (WTI) is currently holding above $57.00 a barrel and below the 200-day simple moving average (DMA). The market has been consolidating for more than a week. Crude oil four-hour chart WTI is trading above the main SMAs, keeping the bullish momentum intact above the 56.00 support level. Buyers are likely looking for a daily breakout above the 57.50… 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.
