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WTI technical analysis: Bulls have eyes for the 53 handle

2019-06-19 07:20

 






  • Oil managed a bid above the 200 weekly EMA overnight but has not pulled away entirely.

  • The 61.8% Fibo is also located in this vicinity and has stablised the downside.

  • However, a move lower could see this area give out to open the 14th Jan 50.41 low.

  • The 26th November low comes in at 49.44.

  • Bulls have their eyes set on 54.50 and then 55.20 meeting the 20-D EMA.





 


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