WTI struggles to extend pullback from 200-HMA, a seven-day-old support line. Descending trend line from Wednesday restricts immediate upside. Bulls are getting tensed and may warrant a clear break of $44.00 for a stronger comeback. WTI seesaws around $41.75 during the initial Asian session on Monday. The energy benchmark rose from $41.42 to $41.87 at the day’s start. However, the follow-on trading moves failed to keep the upside momentum and portray the black gold’s weakness below a three-day-old resistance line. Even so, sellers await a clear downside break of 200-HMA and an ascending trend line from July 30 for fresh entries. Hence, the bears are waiting for the break of $41.30 support to aim for Tuesday’s low near $40.30 ahead of targeting the $40.00 threshold. In a case where the quote remains weak past-$40.00, July 30 bottom surrounding $39.10 will be the key. Meanwhile, an upside clearance of $42.00 will trigger fresh pullback towards $42.80 and August 05 top near $43.60. However, February month low near $44.00 becomes the tough nut to crack for the bulls before eyeing any further upside past-$43.60. WTI hourly chart Trend: Further weakness 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 UK daily COVID-19 death count could be scrapped – Telegraph FX Street 2 years WTI struggles to extend pullback from 200-HMA, a seven-day-old support line. Descending trend line from Wednesday restricts immediate upside. Bulls are getting tensed and may warrant a clear break of $44.00 for a stronger comeback. WTI seesaws around $41.75 during the initial Asian session on Monday. The energy benchmark rose from $41.42 to $41.87 at the day’s start. However, the follow-on trading moves failed to keep the upside momentum and portray the black gold’s weakness below a three-day-old resistance line. Even so, sellers await a clear downside break of 200-HMA and an ascending trend line from July 30 for fresh… 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.