WTI Technical Analysis: Bears testing bull commitments at key trend-line supports

 

  • The price was climbing along a trend line support est.11th Feb. down in the 51 handle and again around 55.56 at the start of this month but it is taking it on in Tokyo with a drop to 56.01 so far. 
  • The daily Ichimoku Cloud is not bullish enough as the price moves into a phase of consolidation.
  • Key support is now located at 55.95.
  • Bears can aim for 38.2% Fibo and recent lows that are located around 55.60/10.
  • However, hourly Stochastics are overcooked to the downside.
  • Bulls have eyes on a target of the recent tops of 57.85/93 double-tops.

WTI hourly chart

 

BOJ's Harada: Sales tax hike could cause a recession / weaken inflation

Bank of Japan monetary policy board member Harada is speaking in Japan: Consumption remains weak despite rising household income Says underlying w
Baca lagi Previous

USD/JPY: Upside to run out of steam in near-term – Nomura

In the latest client note, analysts at Nomura offer their thoughts on the impact of the US-China trade deal on the Treasury yields and eventually on t
Baca lagi Next