WTI has been recovering from the recent lows below the 55 handle scored earlier this month ahead of a critical technical level around recent highs. Eyes are on highest levels since mid-November while above 57.93 – a horizontal and prior resistance line going back to mid-Nov 2018 which has given way on third attempt (bullish) A break of 59.70 and then the 61.8% Fibo of the Oct 2018 sell-off to late Dec lows at 63.74 will reveal prospects for the 200D SMA around 62.00. The criteria for a long is intact according to the Ichimoku Cloud: Price must close above the Cloud. Cloud ahead must be bullish (green). Conversion Line is greater than the base-line. Lagging Span is greater than or crosses above the cloud. Support levels: 57.68, 56.75, 56.23. Resistance levels: 59.13, 59.85, 60.58. 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 NZD/USD Technical Analysis: Remains bid despite tensions in New Zealand, bull flag seen on 4H chart FX Street 4 years WTI has been recovering from the recent lows below the 55 handle scored earlier this month ahead of a critical technical level around recent highs. Eyes are on highest levels since mid-November while above 57.93 - a horizontal and prior resistance line going back to mid-Nov 2018 which has given way on third attempt (bullish) A break of 59.70 and then the 61.8% Fibo of the Oct 2018 sell-off to late Dec lows at 63.74 will reveal prospects for the 200D SMA around 62.00. The criteria for a long is intact according to the Ichimoku Cloud: Price… 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.
