WTI extends the previous day’s pullback from $62.00. Bearish chart pattern, downbeat MACD and sustained trading below key moving average s favor sellers. One-week-old falling trend line adds to the upside barriers. WTI stands on the slippery grounds near $60.80, down 0.80% intraday, during early Tuesday. In doing so, the black gold stays depressed for the second consecutive day inside a bearish flag. Also suggesting the quote’s further losses could be bearish MACD signals and firm trading below 100 and 200-HMAs, not to forget a downward slopping resistance line from March 15. It should, however, be noted that the stated flag’s support, at $60.30 now, can test the oil bears before driving them down towards January tops near $54.00. Though, lows marked during early February around $57.30 may offer an intermediate halt during the fall. Meanwhile, the corrective pullback will have to cross the 100-HMA level of $62.23 before challenging the bearish chart pattern, by eyeing an upside break of $62.45. Even so, a short-term resistance line and 200-HMA, respectively around $63.50 and $63.80, will challenge the WTI bull’s return. WTI hourly chart Trend: Bearish  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 China’s Premier Li: Economic growth could exceed target FX Street 1 year WTI extends the previous day's pullback from $62.00. Bearish chart pattern, downbeat MACD and sustained trading below key moving average s favor sellers. One-week-old falling trend line adds to the upside barriers. WTI stands on the slippery grounds near $60.80, down 0.80% intraday, during early Tuesday. In doing so, the black gold stays depressed for the second consecutive day inside a bearish flag. Also suggesting the quote's further losses could be bearish MACD signals and firm trading below 100 and 200-HMAs, not to forget a downward slopping resistance line from March 15. It should, however, be noted that the stated… 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.