WTI snaps the two-day declines, remains range-bound. 100-bar SMA, 61.8% Fibonacci act as the key resistance confluence. Multiple downside supports, bullish MACD keeps buyers hopeful. Despite being inside the two-day-old symmetrical triangle, WTI marks 0.45% gains to $47.40 amid the Asian session on Thursday. While $48.40-$46.80 area restricts the black gold’s short-term moves, bullish MACD, as well as multiple supports around $46.57/40, favors the buyers. As a result, an upside break of $48.40 will push the bulls towards 50% Fibonacci retracement of February 20 to March 01 fall, near $49.15. However, a confluence of 100-bar SMA and 61.8% Fibonacci retracement around $50.33/45 can question the energy benchmark’s further advances. It’s worth mentioning that the oil price declines below $46.40 might not refrain to drag it towards monthly lows surrounding $43.60. WTI four-hour chart Trend: Sideways 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 PBOC sets Yuan reference rate at 6.9403 FX Street 3 years WTI snaps the two-day declines, remains range-bound. 100-bar SMA, 61.8% Fibonacci act as the key resistance confluence. Multiple downside supports, bullish MACD keeps buyers hopeful. Despite being inside the two-day-old symmetrical triangle, WTI marks 0.45% gains to $47.40 amid the Asian session on Thursday. While $48.40-$46.80 area restricts the black gold’s short-term moves, bullish MACD, as well as multiple supports around $46.57/40, favors the buyers. As a result, an upside break of $48.40 will push the bulls towards 50% Fibonacci retracement of February 20 to March 01 fall, near $49.15. However, a confluence of 100-bar SMA and 61.8% Fibonacci retracement… 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.
