WTI struggles to remain strong around 10-week top of $34.74. Weekly horizontal support add to the downside barriers. Bulls may aim to fill the early-March gap during the fresh run-up. WTI again bounces off the weekly support line while taking rounds to $34.05/10 amid the initial Asian session on Friday. Even so, the black gold stays comfortably below the previous day’s top, also the highest since March 11, around $34.75. In a case where the quote’s sustained trading beyond the support line enables it to cross $34.75, the bulls may target to fill the gap between March 11 top of $36.64 and March 06 low near $41.20. Meanwhile, a downside break of $33.90, comprising the aforementioned support line, could drag the energy benchmark to the weekly horizontal support area near $33.10/33.00. If at all the bears manage to dominate past-$33.00, $31.20 and $30.00 will be on their radars. WTI 30-minutes 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 Top 3 Price Prediction Bitcoin, Ethereum and Ripple: How far will the price drop following massive bearish correction? – Confluence Detector FX Street 2 years WTI struggles to remain strong around 10-week top of $34.74. Weekly horizontal support add to the downside barriers. Bulls may aim to fill the early-March gap during the fresh run-up. WTI again bounces off the weekly support line while taking rounds to $34.05/10 amid the initial Asian session on Friday. Even so, the black gold stays comfortably below the previous day’s top, also the highest since March 11, around $34.75. In a case where the quote’s sustained trading beyond the support line enables it to cross $34.75, the bulls may target to fill the gap between March 11 top 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.
