WTI remains on the back foot below 10-day SMA, two-month-old resistance line. Bearish MACD, failures to bounce keep the sellers hopeful. WTI stays weak around $46.00, down -0.05%, during the Asian session on Friday. In doing so, the energy benchmark declines for the fourth consecutive day below 10-day SMA amid bearish MACD. As a result, sellers keep targeting the yearly bottom around $43.60 during the further downside. Though, the week-start opening and Friday’s close near $45.30 can offer immediate support. Alternatively, 10-day SMA near $47.60 acts as the nearby resistance ahead of a downward sloping trend line since January 08, surrounding $50.90. Given the black gold’s ability to cross $50.90, also remain strong beyond $51.00, the previous month’s high near $54.70, will be on the buyers’ radar. WTI daily 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 South Korea confirms 518 new coronavirus cases FX Street 3 years WTI remains on the back foot below 10-day SMA, two-month-old resistance line. Bearish MACD, failures to bounce keep the sellers hopeful. WTI stays weak around $46.00, down -0.05%, during the Asian session on Friday. In doing so, the energy benchmark declines for the fourth consecutive day below 10-day SMA amid bearish MACD. As a result, sellers keep targeting the yearly bottom around $43.60 during the further downside. Though, the week-start opening and Friday’s close near $45.30 can offer immediate support. Alternatively, 10-day SMA near $47.60 acts as the nearby resistance ahead of a downward sloping trend line since January 08,… 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.
