WTI Price Analysis: Tuesday’s Doji teases Oil buyers around $81.00
19.04.2023, 01:10

WTI Price Analysis: Tuesday’s Doji teases Oil buyers around $81.00

  • WTI crude oil remains sidelined after posting a price-reversal suggesting candlestick the previous day.
  • U-turn from 10-day EMA, firmer RSI (14) also keeps WTI buyers hopeful.
  • 200-day EMA, easing bullish bias of MACD prods upside expectations.
  • Double tops around $83.30-40 appear a tough nut to crack for Oil bulls to retake control.

WTI crude oil rises to $81.10 early Wednesday, after a sluggish performance on Tuesday.

In doing so, the back gold justifies the previous day’s Doji candlestick which generally suggests a reversal of the previous trend. Herein, it suggests the reversal of the previous week’s pullback from multi-day-old horizontal resistance.

Not only the Doji candlestick but a U-turn from the 10-day Exponential Moving Average (EMA), around $80.60 by the press time, also keeps the Oil buyers hopeful, especially amid a firmer but not overbought RSI (14) line.

However, the 200-day EMA challenges the WTI bulls around $81.70, together with the receding bullish bias of the MACD signals.

Following that, a horizontal area comprising tops marked since December 2022, around $83.30-40, becomes crucial to watch for the Oil buyers as a break that could push back the bearish bias about the commodity.

Alternatively, a downside break of the 10-day EMA level of around $80.60 needs validation from the $80.00 psychological magnet, as well as the previous weekly low of around $79.35, to convince the Oil bears.

Even so, multiple stops around $77.50 may challenge the WTI crude oil bears afterward.

WTI crude oil: Daily chart

Trend: Further recovery 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