WTI extends latest pullback from $33.90 to stay near 11-week top flashed the previous day. Buyers await a clear upside break of the triangle to challenge March top. 200-bar SMA adds to the support below $34.00. While flashing yet another move inside a short-term symmetrical triangle, WTI drops to $34.07, down 0.60% on a day, during Wednesday’s Asian session. However, the black gold nears the breakout of the immediate triangle formation, which in turn highlights $34.30 resistance and $34.00 support as the key. Considering the normal RSI conditions, the oil benchmark is mostly expected to provide an upside break of $34.30 that can challenge Tuesday’s top of $34.91. Though, buyers will wait for a sustained move beyond $35.00 round-figure before aiming for March month top around $36.65. On the downside, a 200-bar SMA level of $33.65 can question bears prior to offering $33.00 to them. WTI 30-minutes 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 Gold Price Analysis: Bounce from sub-4H 200-SMA has stalled FX Street 3 years WTI extends latest pullback from $33.90 to stay near 11-week top flashed the previous day. Buyers await a clear upside break of the triangle to challenge March top. 200-bar SMA adds to the support below $34.00. While flashing yet another move inside a short-term symmetrical triangle, WTI drops to $34.07, down 0.60% on a day, during Wednesday’s Asian session. However, the black gold nears the breakout of the immediate triangle formation, which in turn highlights $34.30 resistance and $34.00 support as the key. Considering the normal RSI conditions, the oil benchmark is mostly expected to provide an upside break of… 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.
