Bulls stepped up again overnight and are firm in Asia as well, propelling the black gold to the 6th May highs, through the channel resistance and piercing hourly 200 SMA. The price is holding above the golden cross and but did pierce below the 50 DMA, printing a lower low and the lowest level since 2nd May. On the flipside, the 200 DMA and 50% Fibo level accumulating in confluence at 60.60/59.60 respectively is key and could come into play while bulls are still below the 63 handle. A break of the 50% level opens prospects for the 25th March lows at 58.20 ahead of the late Feb/early March highs guarding a break to the early Feb highs at 55.80. A break of 63 opens the 61.8% Fibo target, however stochastics lean bearish. Hourly 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 Japan’s Aso: Expects the US and China to resolve trade dispute in a constructive manner FX Street 3 years Bulls stepped up again overnight and are firm in Asia as well, propelling the black gold to the 6th May highs, through the channel resistance and piercing hourly 200 SMA. The price is holding above the golden cross and but did pierce below the 50 DMA, printing a lower low and the lowest level since 2nd May. On the flipside, the 200 DMA and 50% Fibo level accumulating in confluence at 60.60/59.60 respectively is key and could come into play while bulls are still below the 63 handle. A break of the 50% level opens prospects for the 25th March… 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.
