WTI remains pressured near $42.50, currently down 0.15% on a day, during the early Friday. The energy benchmark extends the previous day’s downbeat performance after flashing another U-turn from the key SMA level.
In doing so, the resulted bearish candlestick directs sellers towards an ascending trend line from July 30, at $42.30.
However, the black gold’s further downside becomes doubtful amid upbeat RSI conditions, which if ignored could propel the south-run towards $40.80 and the monthly low near $39.75.
Alternatively, the commodity’s sustained break of 200-day SMA, $42.85, will have to refresh the monthly high of $43.62 before targeting the February month peak surrounding $44.00.
If at all the bulls remain dominant past-$44.00, March month’s high of $48.74 will be in the spotlight.
WTI daily chart
Reprinted from Fxstreet , the copyrights all reserved by the original author.
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang