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:Based on the recent analysis, below are what to day about WTI Price
Based on the recent analysis, below are what to day about WTI Price
WTI remains pressured around monthly high, prints biggest daily loss in a week.
Overbought RSI, failures to cross 200-SMA favor sellers.
50% Fibonacci retracement level, previous resistance line challenge bears.
WTI crude oil prices stay below 200-SMA, down 0.50% intraday around $73.30 during Mondays Asian session. In doing so, the black gold teases 50% Fibonacci retracement (Fibo.) of November 09 to December 10 declines.
Given the receding bullish bias of MACD and overbought RSI, not to forget the quotes failures to cross the 200-SMA, oil prices are likely to remain pressured towards the $73.00 threshold, also comprising the stated Fibo. level.
It should be noted, however, that the 38.2% Fibonacci retracement and the previous resistance line from early November, respectively around $70.50 and $69.70, will challenge the WTI bears afterward.
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.
Galaxy Path Capital is a forex broker offering a diverse range of market instruments, including Forex, Indices, Commodities, and Cryptocurrencies. However, the broker has received a low score of 0.99/10 from WikiFX, raising concerns about its credibility and reliability.
Consob issues a warning about online trading "video games," highlighting the risks and deceptive practices in these simulated finance challenges.
Forex trading can be an exciting and potentially lucrative venture, but it’s not without its significant risks and challenges. If you’re not fully prepared, you might find yourself facing substantial losses. Here are some key points that newbies and inexperienced traders should understand before diving into the world of forex trading.
Discover how Artificial Intelligence revolutionizes Forex trading, enhancing decision-making and user experiences across global markets