WTI bulls flirt with $109.00, around $108.65-70 by the press time of Tuesday’s Asian session, after rising for the last two days.
In doing so, the black gold not only snaps the two-day uptrend but also dribbles below the short-term key hurdle surrounding $110.00, comprising the 50-DMA and a three-week-old descending trend line.
However, recently improving MACD and RSI join the energy benchmark’s recovery moves from an upward sloping support line from early April to keep the buyers hopeful.
That said, a clear upside break of the $110.00 hurdle appears necessary for the bulls to keep reins.
Following that, a run-up towards June’s peak of $121.35 can’t be ruled out. Though, $113.20 and $120.00 levels may offer intermediate halts during the anticipated rally.
On the flip side, the aforementioned support line from April, near $102.70 at the latest, appears a tough nut to crack for the WTI bears.
Should the quote drop below $102.70, the odds of its fall towards June’s low of $101.17 can't be ruled out.
However, the commodity’s downside past $101.17 hinges on the bear’s ability to conquer the $100.00 threshold.

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.