As an update to the following, WTI Technical Analysis: Bulls creeping towards critical break up level, eye 61.8% Fibo through 63 handle, a spanner in the works for the bulls has been identified. While bulls are on track for a potential run higher, subsequent to a break of the descending trend line resistance at current levels, bulls will need to break out of the rising wedge formation’s resistance just below the 62 handle at 61.86. However, the Ichimoku Cloud will likely remain bullish, so long as the price subsequently holds above the 59 handle on a rejection at wedge resistance on first attempt, leaving the outlook positive for an eventual run to 61.8% fibo target. WTI Daily Chart. 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: Rising wedge breakdown on 4H FX Street 4 years As an update to the following, WTI Technical Analysis: Bulls creeping towards critical break up level, eye 61.8% Fibo through 63 handle, a spanner in the works for the bulls has been identified. While bulls are on track for a potential run higher, subsequent to a break of the descending trend line resistance at current levels, bulls will need to break out of the rising wedge formation's resistance just below the 62 handle at 61.86. However, the Ichimoku Cloud will likely remain bullish, so long as the price subsequently holds above the 59 handle on a rejection at wedge… 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.
