WTI fades upside momentum, eases from $41.51 off-late. Friday’s Doji directs bears towards 21 and 50-day EMA confluence. Bulls remain cautious unless refreshing the monthly top. Despite stepping back from intraday high of $41.51 to currently around $41.22, WTI prints 0.16% intraday gain ahead of Monday’s European session. The energy benchmark portrayed a bearish candlestick formation on Friday, which in turn can recall the near-term key support area unless the quote crosses $41.75. In addition to the confluence of 21 and 50-day EMA joint near $40.40/35, the $40.00 round-figures and $38.60 can also lure the bears during WTI’s fresh downside. Though, any more weakness past-$38.60 will make the black gold vulnerable enough to revisit the monthly bottom surrounding $36.40. Alternatively, an upside clearance of Friday’s top near $41.75 can direct the bulls towards the month-start low near $42.90. Should the WTI bulls manage to keep the reins beyond $42.90, the monthly peak near $43.55 and August month’s high close to $43.86 can probe the oil traders before offering them the $44.00 threshold. WTI daily chart Trend: Pullback 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 AUD/USD: Extra gains on the cards above 0.7350 – UOB FX Street 2 years WTI fades upside momentum, eases from $41.51 off-late. Friday’s Doji directs bears towards 21 and 50-day EMA confluence. Bulls remain cautious unless refreshing the monthly top. Despite stepping back from intraday high of $41.51 to currently around $41.22, WTI prints 0.16% intraday gain ahead of Monday’s European session. The energy benchmark portrayed a bearish candlestick formation on Friday, which in turn can recall the near-term key support area unless the quote crosses $41.75. In addition to the confluence of 21 and 50-day EMA joint near $40.40/35, the $40.00 round-figures and $38.60 can also lure the bears during WTI’s fresh downside.… 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.