WTI recovers losses from the multi-year low. December 2018 low, 38.2% Fibonacci retracement acts as short-term key resistance. Fresh selling can print new low under $27.70. Having marked a flash crash of more than 20%, WTI retraces to $32.37 during Tuesday’s Asian session. While the recent recovery gains support from oversold RSI, buyers will wait for entry unless the black gold crosses December 2018 low and 38.2% Fibonacci retracement of its fall from early 2019, around $42.60. In doing so, 10-day SMA near $43.50 and 50% Fibonacci retracement near $47.20 will entertain the buyers ahead of pleasing them with the monthly top surrounding $48.75. Alternatively, the intra-day low near $30.50 and $30.00 round-figure may offer small rests to the energy benchmark during the fresh declines. However, any further downside might not hesitate to slip beneath $27.70. WTI daily 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 FXStreet News share Read Next AUD/NZD firming on the bid as FX moves in early Asia FX Street 3 years WTI recovers losses from the multi-year low. December 2018 low, 38.2% Fibonacci retracement acts as short-term key resistance. Fresh selling can print new low under $27.70. Having marked a flash crash of more than 20%, WTI retraces to $32.37 during Tuesday’s Asian session. While the recent recovery gains support from oversold RSI, buyers will wait for entry unless the black gold crosses December 2018 low and 38.2% Fibonacci retracement of its fall from early 2019, around $42.60. In doing so, 10-day SMA near $43.50 and 50% Fibonacci retracement near $47.20 will entertain the buyers ahead of pleasing them with the… 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.
