WTI stays firm around one-month top, confronts seven-week-old horizontal resistance. Bullish MACD, sustained trading above 21-day SMA favor bulls. 2.5-month-old ascending trend line adds to the support. WTI picks up bids to $63.45 during the four-day run-up that probes March 18 top by the press time of Friday’s Asian session. While the strongest bullish signals from MACD since mid-February backs the oil benchmark’s latest run-up, a horizontal line comprising multiple levels marked since February 25, around $63.70-75, tests the buyers off-late. It should, however, be noted that a clear break above $63.75 won’t hesitate to propel the black gold towards $66.50 ahead of challenging March’s peak surrounding $67.85. Alternatively, pullback moves become less challenging to the prevailing bullish trend until breaking the 21-day SMA level of $60.43. Also giving hopes to the WTI bulls is an ascending support line from February and the previous month’s low, respectively around $58.85 and $57.25. WTI daily chart Trend: Bullish 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 bulls follow the Aussie’s lead FX Street 2 years WTI stays firm around one-month top, confronts seven-week-old horizontal resistance. Bullish MACD, sustained trading above 21-day SMA favor bulls. 2.5-month-old ascending trend line adds to the support. WTI picks up bids to $63.45 during the four-day run-up that probes March 18 top by the press time of Friday's Asian session. While the strongest bullish signals from MACD since mid-February backs the oil benchmark's latest run-up, a horizontal line comprising multiple levels marked since February 25, around $63.70-75, tests the buyers off-late. It should, however, be noted that a clear break above $63.75 won't hesitate to propel the black gold towards… 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.
