WTI nears the weekly top after breaking the short-term resistance line, now support. A sustained run-up could aim to fill the March month’s gap. 50% Fibonacci retracement, 200-HMA restrict near-term declines. Having breached a three-day-old falling trend line, WTI remains positive around $30.00 amid the Asian session on Thursday. The black gold now aims for Friday top surrounding $30.70 amid the further rise to March 11 high around $36.65. It should, however, be noted that the energy benchmark’s rise past-$36.65 will targeting filling the previous month’s gap below $41.20. Meanwhile, a downside break of the support-turned-resistance line of $29.360 can fetch the quote towards $27.00. However, a confluence of 200-HMA and 50% Fibonacci retracement of March 30 to April 03 upside, near $25.80/85, will be the tough nut to crack for sellers below $27.00. WTI hourly 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 NZ PM Ardern: The country will not be exiting the shut in early FX Street 2 years WTI nears the weekly top after breaking the short-term resistance line, now support. A sustained run-up could aim to fill the March month’s gap. 50% Fibonacci retracement, 200-HMA restrict near-term declines. Having breached a three-day-old falling trend line, WTI remains positive around $30.00 amid the Asian session on Thursday. The black gold now aims for Friday top surrounding $30.70 amid the further rise to March 11 high around $36.65. It should, however, be noted that the energy benchmark’s rise past-$36.65 will targeting filling the previous month’s gap below $41.20. Meanwhile, a downside break of the support-turned-resistance line of $29.360 can… 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.
