WTI Technical Analysis: $52.80 keeps challenging buyers

• WTI escalated prior gains to the intraday high of $52.80 before European markets open on Tuesday.
• The energy benchmark struggles around a weeklong downward sloping trend-line, at $52.80, in order to justify its strength.
• Should prices successfully clear $52.80 resistance-line, $54.20 and $54.90 may offer intermediate halts during rise to the current month high of $55.55.
• During the quote’s extended rally beyond $55.55, 61.8% Fibonacci Retracement of its latest up-moves, at $57.50, could flash on buyers’ radar.
• If at all the aforementioned trend-line continues to limit the upside attempts, an upward sloping support-line, at $51.80, may regain sellers’ attention.
• Moreover, quote’s declines past $51.80 might not hesitate to visit $51.00 and the $50.30 ahead of diverting markets to $50.00 round figure.

WTI 4-Hour chart