Home WTi technical analysis: Bulls have eyes for the 53 handle

WTi technical analysis: Bulls have eyes for the 53 handle

Updated: 19 Jun. 2019 | 01:17

Oil managed a bid above the 200 weekly EMA overnight but has not pulled away entirely.
The 61.8% Fibo is also located in this vicinity and has stablised the downside.
However, a move lower could see this area give out to open the 14th Jan 50.41 low.
The 26th November low comes in at 49.44.
Bulls have their eyes set on 54.50 and then 55.20 meeting the 20-D EMA.

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