简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
WTI Price Analysis: Testing inverse H&S breakout above $111.00, near 11-year high
Abstract：WTI crude oil prices remain firmer around the highest levels since May 2011 despite the latest pullback from tops to $111.40 during Thursdays Asian session.
WTI bulls take a breather near the highest level since May 2011.
Confirmation of a bullish chart pattern, upbeat MACD signals favor buyers.
200-SMA restricts short-term declines, 2011s high lures bulls.
The black gold teases the neckline of the inverse head-and-shoulders (H&S) bullish chart formation by the press time.
Also favoring the quotes further upside are the firmer MACD signals and successful trading beyond the 200-SMA.
That said, tops marked during the year 2011 near $114.80 seem to lure WTI bulls during the fresh upside.
Following that, the theoretical target surrounding $118.00 will be on the cards.
Alternatively, a downside break of the nearby resistance-turned-support line, at $111.30 by the press time, will negate the latest bullish breakout.
Even so, the WTI bears will remain cautious until the prices stay above the 200-SMA level of 103.82.
WTI: 15-minute chart
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Doo Financial Expands Regulatory Reach with Offshore Licenses in BVI and Cayman Islands
According to the report, Doo Group, a prominent Singapore-based online brokerage firm, has strengthened its global presence by securing new offshore licenses for its brokerage brand, Doo Financial. The company recently announced that entities under the Doo Financial umbrella have been granted licenses by two key offshore regulatory bodies: the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).
Why is there so much exposure against PrimeX Capital?
In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.
The Hidden Checklist: Five Unconventional Steps to Vet Your Broker
Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.
Doo Financial Obtains Licenses in BVI and Cayman Islands
Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).
WikiFX Broker
Latest News
ASIC Sues Binance Australia Derivatives for Misclassifying Retail Clients
WikiFXWikiFX Review: Is FxPro Reliable?
WikiFXMalaysian-Thai Fraud Syndicate Dismantled, Millions in Losses Reported
WikiFXTrading frauds topped the list of scams in India- Report Reveals
WikiFXAIMS Broker Review
WikiFXThe Hidden Checklist: Five Unconventional Steps to Vet Your Broker
WikiFXRussia to Fully Ban Crypto Mining in 10 Regions Starting January 1, 2025
WikiFXYAMARKETS' Jingle Bells Christmas Offer!
WikiFXWhy is there so much exposure against PrimeX Capital?
WikiFXDoo Financial Expands Regulatory Reach with Offshore Licenses in BVI and Cayman Islands
WikiFXCurrency Calculator
