A larger than expected draw in crude oil inventory had no bearing on the price of oil today which has held onto the 56 handle despite yesterday’s doji. There will be scope for a recovery to the 58 handle to meet trend line resistance should bulls extend beyond the downside resistance that stems from the 15th July wick high. This will place bulls back above the 50-Day moving average as well. On the downside, bears can 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/USD losses upside momentum at the start of the key day FX Street 4 years A larger than expected draw in crude oil inventory had no bearing on the price of oil today which has held onto the 56 handle despite yesterday's doji. There will be scope for a recovery to the 58 handle to meet trend line resistance should bulls extend beyond the downside resistance that stems from the 15th July wick high. This will place bulls back above the 50-Day moving average as well. On the downside, bears can target a drop to the 52 handle and the 61.8% Fibo at 51.70 on the wide. 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.
