Bulls hold in bullish territory ahead of trendline resistance. The upside move has left the 61.8% Fibo at 51.70 in the distance. The price of a barrel of oil has been on the bid but was unable to hold in the 57 handle. The technical outlook for WTI is choppy with a lack of direction and price remains in familiar ranges. However, the recent upside move has brought the 60 handle back into the picture with the price holding above the 200-daily moving average, by the skin of its teeth, and bulls are testing the bear’s commitments at trendline resistance while above the 50% retracement of the July swing lows and highs. The move has left the 61.8% Fibo at 51.70 back in the rearview mirror. 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 Gluptepa malware using the Bitcoin blockchain to stay alive? FX Street 4 years Bulls hold in bullish territory ahead of trendline resistance. The upside move has left the 61.8% Fibo at 51.70 in the distance. The price of a barrel of oil has been on the bid but was unable to hold in the 57 handle. The technical outlook for WTI is choppy with a lack of direction and price remains in familiar ranges. However, the recent upside move has brought the 60 handle back into the picture with the price holding above the 200-daily moving average, by the skin of its teeth, and bulls are testing the bear's commitments at trendline… 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.
