WTI declines from the key upside barrier, snaps two-day winning streak. 38.2% Fibonacci retracement holds the gate for mid-February tops. January 24 high can lure the bulls during further upside. WTI steps back from the four-week high to $53.58 during Friday’s Asian session. In doing so, 38.2% Fibonacci retracement level of its January-February downside grabs the market attention. Should oil prices remain weak below $53.35 immediate support, the mid-month tops nearing $52.50 and February 06 high close to $52.30 can entertain the sellers. During additional south-run past-$52.30, 23.6% Fibonacci retracement and an ascending trend line from February 10, near $51.80, will be important to watch. On the upside, 200-bar SMA and 50% Fibonacci retracement act as the tough resistance around $54.55. In a case the black gold manages to cross $54.55, January 24 high close to $56.00 can return to the charts. WTI four-hour chart Trend: Pullback expected 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next Japan Finance Minister Aso: Won’t comment on forex levels – Reuters FX Street 2 years WTI declines from the key upside barrier, snaps two-day winning streak. 38.2% Fibonacci retracement holds the gate for mid-February tops. January 24 high can lure the bulls during further upside. WTI steps back from the four-week high to $53.58 during Friday’s Asian session. In doing so, 38.2% Fibonacci retracement level of its January-February downside grabs the market attention. Should oil prices remain weak below $53.35 immediate support, the mid-month tops nearing $52.50 and February 06 high close to $52.30 can entertain the sellers. During additional south-run past-$52.30, 23.6% Fibonacci retracement and an ascending trend line from February 10, near $51.80,… Top 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.
