The last weekly candle is a bearish outside-week, WTI chart shows. OPEC and Russia are to discuss easing the self-imposed supply restrictions. Weekly chart Current Price: $66.80/barrel Daily Change: -1.5 percent Daily High: $67.15 Daily Low: $66.74 Trend: Bearish Resistance $67.66 (50-day MA) $68.76 (5-day MA) $69.56 (April 19 high) Support $66.65 (January 25 high) $65.81 (previous day’s low) $65.21 (100-day MA) The bearish outside-week candle indicates the rally from the June 2017 low of $42.06 may have run out of steam. The sharp decline from $72.90 to $65.81 could be associated with fears that OPEC and Russia may ease self-imposed supply caps at the June 22 meeting in Vienna. Saudi energy minister Khalid Al-Falih said on Friday that the Kingdom and Russia are considering pumping more oil to ease supply concerns. 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 NZD/USD: Bears continue to guard 0.6950 fencing amid risk-off FX Street 5 years The last weekly candle is a bearish outside-week, WTI chart shows. OPEC and Russia are to discuss easing the self-imposed supply restrictions. Weekly chart Current Price: $66.80/barrel Daily Change: -1.5 percent Daily High: $67.15 Daily Low: $66.74 Trend: Bearish Resistance $67.66 (50-day MA) $68.76 (5-day MA) $69.56 (April 19 high) Support $66.65 (January 25 high) $65.81 (previous day's low) $65.21 (100-day MA) The bearish outside-week candle indicates the rally from the June 2017 low of $42.06 may have run out of steam. The sharp decline from $72.90 to $65.81 could be associated with fears that OPEC and Russia may ease… 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.
