WTI fails to hold strength around monthly high. October 01, 11 tops gain intra-day sellers’ attention. 38.2% Fibonacci retracement, 200-day EMA add to the resistance. With its failure to rise past-100-day Exponential Moving Average (EMA), WTI declines to $55.75 by the press time of early Thursday. The energy benchmark now aims at the early-month highs surrounding $55.00 whereas 23.6% Fibonacci retracement of April-August declines, at $54.27, could please bears afterward. In a case where prices keep trading southwards below $54.27, $52.50 and a monthly low of $51.20 will be in the spotlight. On the flip side, a sustained break above 100-day EMA level of $56.00 could challenge 38.2% Fibonacci retracement level of $56.60 prior to rising towards $57.20 number that signifies 200-day EMA. WTI daily chart Trend: pullback expected 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 EUR/USD technical analysis: Trapped in a bull flag on 4H chart FX Street 3 years WTI fails to hold strength around monthly high. October 01, 11 tops gain intra-day sellers' attention. 38.2% Fibonacci retracement, 200-day EMA add to the resistance. With its failure to rise past-100-day Exponential Moving Average (EMA), WTI declines to $55.75 by the press time of early Thursday. The energy benchmark now aims at the early-month highs surrounding $55.00 whereas 23.6% Fibonacci retracement of April-August declines, at $54.27, could please bears afterward. In a case where prices keep trading southwards below $54.27, $52.50 and a monthly low of $51.20 will be in the spotlight. On the flip side, a sustained break above… 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.
