WTI struggles at a series of moving averages and resistance. 54.60 comes as a 61.8% Fibo downside target while 60 handle holds upside target. Technically, the price of oil has been capped by the accumulation of the 20 and 200-day moving average as well as the 20-hour moving avarage in recent trade. On the downside, a break of support located on the rising support line of the channel at 55.80, opens 54.60, (61.8% Fibo.). Should the northerly trajectory play out again, bulls can look for a test through 57.40 and the accumulation of daily 20, 50 and 200 moving averages ahead of the 20-week moving average. The 60 handle and double top in the 60.80s will be secondary objectives. 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 China’s CommerceMin: To launch anti-dumping probe into some chemical products from US, EU and Japan FX Street 4 years WTI struggles at a series of moving averages and resistance. 54.60 comes as a 61.8% Fibo downside target while 60 handle holds upside target. Technically, the price of oil has been capped by the accumulation of the 20 and 200-day moving average as well as the 20-hour moving avarage in recent trade. On the downside, a break of support located on the rising support line of the channel at 55.80, opens 54.60, (61.8% Fibo.). Should the northerly trajectory play out again, bulls can look for a test through 57.40 and the accumulation of daily 20, 50 and 200 moving averages… 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.
