简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:WTI crude oil prices remain firmer around the highest levels since May 2011 despite the latest pullback from tops to $111.40 during Thursdays Asian session.
WTI bulls take a breather near the highest level since May 2011.
Confirmation of a bullish chart pattern, upbeat MACD signals favor buyers.
200-SMA restricts short-term declines, 2011s high lures bulls.
The black gold teases the neckline of the inverse head-and-shoulders (H&S) bullish chart formation by the press time.
Also favoring the quotes further upside are the firmer MACD signals and successful trading beyond the 200-SMA.
That said, tops marked during the year 2011 near $114.80 seem to lure WTI bulls during the fresh upside.
Following that, the theoretical target surrounding $118.00 will be on the cards.
Alternatively, a downside break of the nearby resistance-turned-support line, at $111.30 by the press time, will negate the latest bullish breakout.
Even so, the WTI bears will remain cautious until the prices stay above the 200-SMA level of 103.82.
WTI: 15-minute chart
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
FBI and SEC charge 18 individuals in cryptocurrency fraud, exposing wash trading, pump and dump schemes, and $25M in seized assets in the U.S., UK, and Portugal.
Marex announces the acquisition of Hamilton Court Group to enhance foreign exchange services and broaden market reach in the UK and Europe.
Interactive Brokers Group Inc has joined forces with Saudi Arabia's SNB Capital to offer international investors direct access to the Saudi Exchange.
In this article, we will conduct a comprehensive examination of Pepperstone, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.