WTI extends recovery from the multi-week low. Bearish MACD questions buyers but trend line break and a bounce from the key support favor the pullback. WTI takes the bids to $51.33 during the Asian session on Thursday. The energy benchmark repeated the bounce off $49.40/50 support-zone as well as cleared the four-week-old resistance line, now support, during the previous day. Buyers are now looking forward to January 29 high near $54.40 and 21-day EMA near $54.55 during the quote’s further upside. However, lows marked during November 2019 will keep the black gold’s further upside capped near $54.85-$55.00 Alternatively, November 2018 low, high marked on January 04, 2019 and Wednesday’s bottom together constitute $49.50/40 as the key support. Should bears manage to defy $49.40, late-December 2018 top surrounding $47.00 will return to the chart. WTI daily chart Trend: Further recovery 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 When is Aussie data dump and how could it affect AUD/USD? FX Street 2 years WTI extends recovery from the multi-week low. Bearish MACD questions buyers but trend line break and a bounce from the key support favor the pullback. WTI takes the bids to $51.33 during the Asian session on Thursday. The energy benchmark repeated the bounce off $49.40/50 support-zone as well as cleared the four-week-old resistance line, now support, during the previous day. Buyers are now looking forward to January 29 high near $54.40 and 21-day EMA near $54.55 during the quote’s further upside. However, lows marked during November 2019 will keep the black gold’s further upside capped near $54.85-$55.00 Alternatively, November 2018… 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.
