WTI recovers from an intraday low of $32.60. A two-week-old support-turned-resistance on buyers’ radars. Multiple supports will question the sellers below $31.80. Having initially slipped to $32.60, WTI Futures on NYMEX pulls back to $33.05, down 1.86% on a day, during the early Asian session on Monday. Despite the black gold’s recent recovery, the quote stays below a short-term ascending trend line from May 14, at $35.25, which in turn keeps the upside capped. Though, the energy benchmark’s pullback towards the monthly high of $34.74, on the successful break of $33.72, can’t be ruled out. Alternatively, An upward sloping trend line from April 21, at $31.77 now, followed by another rising support line from May 04 around $30.75, can keep the black gold supported for a while. In a case where the oil prices slip below $30.75, $30.00 may offer an intermediate halt before highlighting the 200-bar SMA level of $24.77. WTI four-hour 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 NZD/USD: Buyers and sellers jostle around 0.6100 amid risk reset FX Street 3 years WTI recovers from an intraday low of $32.60. A two-week-old support-turned-resistance on buyers’ radars. Multiple supports will question the sellers below $31.80. Having initially slipped to $32.60, WTI Futures on NYMEX pulls back to $33.05, down 1.86% on a day, during the early Asian session on Monday. Despite the black gold’s recent recovery, the quote stays below a short-term ascending trend line from May 14, at $35.25, which in turn keeps the upside capped. Though, the energy benchmark’s pullback towards the monthly high of $34.74, on the successful break of $33.72, can’t be ruled out. Alternatively, An upward sloping trend… 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.
