Bulls testing the 21-DMA, firmer by 0.28% in Asia. Bears have their sights on a break below the 50 handle. The price of WTI is firmer in Asia, higher by 0.28% having risen from the $51 handle at the start of the month, failing to follow through the 55 figure mid-month and morphing into a wedge contained between familiar ranges. However, the outlook remains bearish while below the 200-day moving average and keeping the bearish GMMAs on the daily chart. The price is now testing the 21-day moving average but bears will seek a break below the 50 handle at this juncture, which will bring the prospects of a run down to the Nov 2018 lows at 49.39 again. The 46.90 level ahead of the 18th Dec lows down at 45.77 will then be in focus. On the flip side, a break of the 50% mean reversion of the March to August range opens risk to the 64 handle. 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 Canada Election: Trudeau posts expected Atlantic losses – Bloomberg FX Street 3 years Bulls testing the 21-DMA, firmer by 0.28% in Asia. Bears have their sights on a break below the 50 handle. The price of WTI is firmer in Asia, higher by 0.28% having risen from the $51 handle at the start of the month, failing to follow through the 55 figure mid-month and morphing into a wedge contained between familiar ranges. However, the outlook remains bearish while below the 200-day moving average and keeping the bearish GMMAs on the daily chart. The price is now testing the 21-day moving average but bears will seek a break below… 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.
