WTI is in consolidation mode below 57.40 resistance. The levels to beat for bears are seen at 57.00 and $56.00 a barrel Oil daily chart WTI (West Texas Intermediate) has been in consolidation mode for the last nine days near the 200-day simple moving averages (DSMA). Oil 4-hour chart WTI found some resistance at the 57.40 level below the 100 SMA keeping the range theme intact for now. A break above 57.40 is needed for bulls to potentially reach 58.50 on the way up. Oil 30-minute chart WTI is retracing down from the daily tops. The market is trapped between the 57.40 resistance and the 50 SMA. If bears break below 57.00 it can trigger a move down to 56.00 a barrel. 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 US: The consumer sector remains healthy – Wells Fargo FX Street 4 years WTI is in consolidation mode below 57.40 resistance. The levels to beat for bears are seen at 57.00 and $56.00 a barrel Oil daily chart WTI (West Texas Intermediate) has been in consolidation mode for the last nine days near the 200-day simple moving averages (DSMA). Oil 4-hour chart WTI found some resistance at the 57.40 level below the 100 SMA keeping the range theme intact for now. A break above 57.40 is needed for bulls to potentially reach 58.50 on the way up. Oil 30-minute chart WTI is retracing down from the daily… 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.
