WTI remains above the monthly support line, marks four-day high beyond $34.00. 100-day EMA has been restricting the upside since last four months. Seller may catch a breath near $30.00 in a case of declines below a short-term rising trend line. WTI remains on the bid near $34.44, up 1.12% on a day, while heading into the European session on Tuesday. The black gold currently trades near three-day high as following an ascending trend line from April 21. Even so, a 100-day EMA level of $35.43 is likely to again challenge the bulls amid overbought RSI conditions, which if ignored could propel the quote towards 61.8% Fibonacci retracement of February-April fall, near $37.00. Alternatively, a daily closing below the monthly support line, currently near $32.75, could trigger fresh selling pressure that can recall $30.00 on the charts. Though the bears’ additional dominance beneath $30.00 might not hesitate to recall the early-Month tops near $27.50. 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 Forex Today: Vaccine, Opening optimism overwhelms dollar, Sino-American tensions ignored (for now) FX Street 3 years WTI remains above the monthly support line, marks four-day high beyond $34.00. 100-day EMA has been restricting the upside since last four months. Seller may catch a breath near $30.00 in a case of declines below a short-term rising trend line. WTI remains on the bid near $34.44, up 1.12% on a day, while heading into the European session on Tuesday. The black gold currently trades near three-day high as following an ascending trend line from April 21. Even so, a 100-day EMA level of $35.43 is likely to again challenge the bulls amid overbought RSI conditions, which if ignored… 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.
