West Texas Intermediate (WTI), futures on NYMEX, is displaying back and forth moves in a narrow range of $109.98-104.36 in the Asian session. On a broader note, the oil prices are driving higher sharply after testing below the psychological support of $100.00 that triggered the responsive buying action.
The black gold is oscillating in a wider range of $92.77-110.33 with a mild positive bias on a four-hour scale. The oil prices have witnessed a firmer rebound after hitting the low of $97.21 on Tuesday, which has directed the asset towards the upper slight bullish horizontal trendline placed from March 30 high at $107.71.
The black gold has overstepped the 20-period Exponential Moving Average (EMA) at $103.14, which has strengthened the bulls.
Meanwhile, the Relative Strength Index (RSI) (14) has rebounded sharply from the bearish range of 20.00-40.00 but is likely to find a barricade around 60.00.
Should the asset oversteps Wednesday’s high at $103.05, bulls may drive the asset towards the April 29 high at $107.07, followed by the psychological resistance at $110.00.
On the flip side, bulls could lose momentum if the asset drops below the psychological mark of $100.00, which will send the oil prices to near Tuesday’s low at $97.21. A breach of the latter will drag the fossil fuel prices towards April 25 low at $95.07.
-637879104863054852.png)
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.