While WTI holds above the double-top highs and above the 57.80/90 horizontal prior resistance line going back to mid-Nov 2018, the market leans bullish. A break out of the wedge’s resistance through the 59.70s is needed where bulls will then look to the 61.8% Fibo of the Oct 2018 sell-off to late Dec lows in the 63.70s, reviving prospects for the 70 handle. On the flipside, a fall to 54.50 will open a case for 50.50 as the 23.6% Fibo support structure. Pivot points: S1 58.48 S2 57.76 S3 57.39 Pivot points: R1 59.57 R2 60.00 R3 60.85 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/JPY Technical Analysis: Buyers keep lurking around 79.00, immediate ascending trend-channel in focus FX Street 4 years While WTI holds above the double-top highs and above the 57.80/90 horizontal prior resistance line going back to mid-Nov 2018, the market leans bullish. A break out of the wedge's resistance through the 59.70s is needed where bulls will then look to the 61.8% Fibo of the Oct 2018 sell-off to late Dec lows in the 63.70s, reviving prospects for the 70 handle. On the flipside, a fall to 54.50 will open a case for 50.50 as the 23.6% Fibo support structure. Pivot points: S1 58.48 S2 57.76 S3 57.39 Pivot points: R1 59.57 R2 60.00 R3 60.85 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.
