WTI seesaws around $53.00 while staying above 100/200-HMA. Upbeat RSI conditions, sustained trading beyond the key moving averages favor buyers. WTI eases to $53.01 during the initial Asian trading on Friday. Even so, the energy benchmark keeps the previous day’s bounce off 100 and 200-HMAs inside a nine-day-old symmetrical triangle. Considering the upbeat RSI conditions and the quote’s ability to stay above important moving averages, WTI buyers are up for challenging the resistance line of the stated triangle, at $53.65. However, the $54.00 threshold and the February 2020 peak surrounding $54.70 are likely strong resistance to challenge the oil buyers. On the downside, a clear break below the key HMAs, currently around $52.85-80, could question the triangle support, at $52.05 now. Also acting as the short-term support is the $52.00 round-figure. In a case where the black gold drops below $52.00, sellers can eye for $51.30 and $51.00 ahead of the $50.00 psychological magnet and the monthly low near $47.25. WTI hourly chart Trend: Sideways 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 EUR/CHF Price Analysis: Bears target a 0.4% drop into the demand zone area FX Street 2 years WTI seesaws around $53.00 while staying above 100/200-HMA. Upbeat RSI conditions, sustained trading beyond the key moving averages favor buyers. WTI eases to $53.01 during the initial Asian trading on Friday. Even so, the energy benchmark keeps the previous day’s bounce off 100 and 200-HMAs inside a nine-day-old symmetrical triangle. Considering the upbeat RSI conditions and the quote’s ability to stay above important moving averages, WTI buyers are up for challenging the resistance line of the stated triangle, at $53.65. However, the $54.00 threshold and the February 2020 peak surrounding $54.70 are likely strong resistance to challenge the oil buyers.… 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.
