Can you afford to take that chance?
-
WTI bulls eye yearly resistance line above $30.00
WTI June Futures extend two-day winning streak to highest levels since March. A downward sloping resistance line from early-January on the bulls’ radars. Monthly support line, 50-day SMA restricts the black gold’s immediate declines. WTI futures for June take the bids near $30.70, intraday high of $30.92, up 4.0% on a day, during early Monday. While the black gold’s sustained trading above $30.00 keeps it on the bulls’ radars, a descending trend line since January 08, 2020, at $33.75 now, is in the focus for now. Although a steep rise in the RSI might trigger the oil benchmark’s pullback moves around the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 18, 2020 6:52am May 18, 2020 6:52am
- auricforecas
- Joined Sep 2017 | Status: Still a total mystery | 246 Comments
- Comment #2
- Quote
- May 18, 2020 10:31am May 18, 2020 10:31am
- auricforecas
- Joined Sep 2017 | Status: Still a total mystery | 246 Comments
Can you afford to take that chance?