WTI Price Analysis: Sellers need validation from $101.00
23.06.2022, 04:13

WTI Price Analysis: Sellers need validation from $101.00

  • WTI remains on the back foot around six-week low.
  • Upward sloping trend line from mid-March challenges further downside.
  • 100-DMA, previous support line late 2021 guard recovery moves.

WTI crude oil prices keep the previous day’s downside break of the 100-DMA, despite bouncing off the three-month-old support line. That said, the black gold drops for the second consecutive day, down 1.0% around $102.90, amid early European morning on Thursday.

The energy benchmark is likely to decline further on the quote’s sustained break of the key DMA, as well as an upward sloping trend line from December 2021, not to forget the bearish MACD signals.

However, a clear downside break of the three-month-old support line, near $101.00 by the press time, appears necessary for the bears.

Following that, the $100.00 psychological magnet and lows marked during April and March, respectively around $92.65 and $92.35, will be important to watch.

On the flip side, the 100-DMA and the aforementioned support-turned-resistance line from 2021, close to $104.40 and $106.80, will challenge WTI’s short-term recovery.

In a case where the oil buyers manage to cross the $106.80, an upward trajectory towards late March’s high near $115.90 can’t be ruled out. Though, tops marked during mid-May around $113.20 and the $110.00 round figure may probe the WTI bulls during the run-up.

WTI: Daily chart

Trend: Limited downside 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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

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.

Politika poverenja

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.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik