WTI’s pullback from $31.49 still left to cross near-term key resistances. The immediate falling trend line, 200-HMA acts as nearby upside barriers. Friday’s low, $30.00 on the bears’ radar during further declines. WTI’s recovery moves from $31.49, fades momentum as the black gold trades around $31.92, down -1.39% on a day, ahead of the European open on Thursday. The energy benchmark’s sustained break of the 11-day-old rising trend line, as well as 200-HMA, keeps the bears’ hopeful. Also tightening the sellers’ grip could be immediate falling trend line connecting highs marked from Wednesday. As a result, the pair’s further downside towards Friday’s low of $30.88 and then to $30.00 becomes much anticipated. On the other side, an upside clearance of nearby resistance line, at $32.15, needs to overcome a 200-HMA level of $32.90 and the support-turned-resistance line of $34.30 to restore buyers’ confidence. WTI hourly chart Trend: Further downside 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 FXStreet News share Read Next French FinMin Le Maire: Hope a deal on the EU 750 billion euro plan can be reached in coming weeks FX Street 3 years WTI’s pullback from $31.49 still left to cross near-term key resistances. The immediate falling trend line, 200-HMA acts as nearby upside barriers. Friday’s low, $30.00 on the bears’ radar during further declines. WTI’s recovery moves from $31.49, fades momentum as the black gold trades around $31.92, down -1.39% on a day, ahead of the European open on Thursday. The energy benchmark’s sustained break of the 11-day-old rising trend line, as well as 200-HMA, keeps the bears’ hopeful. Also tightening the sellers’ grip could be immediate falling trend line connecting highs marked from Wednesday. As a result, the pair’s further downside… 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.
