Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
USDWTI Price Analysis – April 9
WTI is trying to consolidate the rise to a fresh $28.22 level two-day high, as the bulls take a breather back from the latest recovery near the $25.00 mark. At the time of the news, US oil is trading at $27.04, still up to now. News on Thursday that Russia is willing to slash 1.6 million barrels a day fuelled optimism, pushing WTI up to $28.22 level by 5 percent.
Key Levels
Resistance Levels: $36.28, $33.60, $30.21
Support Levels: $25.00, $23.16, $21.50
USDWTI Long term Trend: Bearish
WTI is trading higher at $27.04 level, it dropped down from the $28.22 session high to $25.00 level until it rebounded slightly. Oil is priced steadily beyond its low 30 March upward trendline.
Its initial resistance can be seen at $28.22 levels until $29.10 (high April 3rd) level and $30.21 psychological level. On the downside, support is seen at a level of $25.00 (trendline) before dropping to $23.16 (low 7 April).
USDWTI Short term Trend: Ranging
In a potential signal for a positive trend reversal, USDWTI tends to form an inverted head and shoulders shape in the four-hour timeframe. The price failed to surpass its recent peak of $28.22 level in the ongoing upswing and reversed south to create the right arm.
A significant recovery beyond the $29.11 level, where the neckline of the trend resides, may signal the beginning of an uptrend, for traders probably increasing access to the upper horizontal barriers at the $30.21 resistance region.
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus