Artık bundan sonra biz Elev8’iz

Biz yalnızca bir aracı kurumdan fazlasıyız. Analiz etmek, işlem yapmak ve büyümek için ihtiyacınız olan her şeyi tek bir yerde sunan, hepsi bir arada bir işlem ekosistemiyiz. İşlem deneyiminizi bir üst seviyeye taşımaya hazır mısınız?

WTI Price Analysis: 50-day SMA guards immediate upside

  • WTI stays above 50% Fibonacci retracement following its bounce off 200-day SMA.
  • 61.8% and 38.2% Fibonacci retracements could entertain traders during either side break of the short-term key levels.

WTI trades around $58.50 during the early Friday. In doing so, the oil benchmark fails to cross 50-day SMA despite taking a U-turn from 200-day SMA, also trading successfully beyond 50% Fibonacci retracement of the October-January upside.

Hence, traders will keep eyes on the black gold’s momentum either during its rise beyond a 50-day SMA level of $59.00 or on the downside break of 200-day SMA surrounding $57.70.

The 61.8% and 38.2% Fibonacci retracements, around $56.65 and $60.10 will be on the traders’ radar during the breaks.

If at all prices manage to remain strong beyond $60.10, the return of $62.50 can’t be denied.

On the flip side, oil price declines below $56.65 can fetch the quote to November 2019 bottom surrounding $54.90.

WTI daily chart

Trend: Sideways

 

US military: Eleven US troops injured in Jan. 8 Iran missile attack in Iraq - Reuters

The US military confirmed on Friday that several US service members were injured by the Iranian retaliatory missile attacks on January 8th, as Reuters
Devamını oku Previous

EUR/USD retains heavy tone despite upbeat China data

The single currency remains under pressure on Friday even though China's Industrial Production experienced a bounce in December. Dips below 100-hour M
Devamını oku Next