Bulls find temporary solace in hopes of a trade deal breakthrough between the US and China. bears can now target a drop to the 52 handle and the 61.8% Fibo at 51.70 on the wide. The price of oil was finding some solace in hopes of a trade deal breakthrough between the US and China, or at last, for talks to continue and not come to a grinding halt as had been expected following last week’s escalation. Despite the comeback, however, the price of oil remains pressured. Bears are moving in again below that moving averages on the 4-hour time frames, namely the 20, 50 and 200 as price moves stays deep below the 20-daily moving average and downside trendline as well. With a focus on the downside and having taken out the trendline support, bears can now target a drop to the 52 handle and the 61.8% Fibo at 51.70 on the wide. 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 GBP/JPY technical analysis: Inside symmetrical triangle below 200-bar SMA FX Street 4 years Bulls find temporary solace in hopes of a trade deal breakthrough between the US and China. bears can now target a drop to the 52 handle and the 61.8% Fibo at 51.70 on the wide. The price of oil was finding some solace in hopes of a trade deal breakthrough between the US and China, or at last, for talks to continue and not come to a grinding halt as had been expected following last week's escalation. Despite the comeback, however, the price of oil remains pressured. Bears are moving in again below that moving averages on the 4-hour time… 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.
