WTI crude oil prices seem defensive at around $105.00 during Friday’s Asian session, after rising to a four-day high on crossing the 21 and 50 DMAs the previous day.
The black gold’s latest inaction fails to disappoint buyers, backed by the key DMA breakout and steady RSI.
That said, the commodity’s upside momentum remains bumpy as the 50% Fibonacci retracement of February-March upside, around $107.00, appears the nearby key hurdle for buyers to tackle before heading towards the resistance line from late March, near $109.30.
It’s worth noting that, the black gold’s rally beyond $109.30 needs validation from the monthly high near $110.35 to aim for late March’s peak surrounding $115.85.
On the contrary, the 50-DMA and the 21-DMA may initially challenge the quote’s pullback moves respectively around $104.10 and $103.65.
Following that, the 61.8% Fibo. and an upward sloping support line from April 11, close to $102.30 and $98.80 in that order, will challenge the WTI bears.
Overall, WTI is up for further advances but there prevails a bumpy road to the north until the quote stays below $109.30

Trend: Further upside expected
© 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.