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 – March 2
WTI (oil futures) is slowing its pace of recovery from a new 15-month low level of $ 43.83 after the sell-off opening gap caused by China’s horrible manufacturing PMI data released on Sunday. On the contrary, further selling stays on the cards, and any accidental attempt to buying can only be considered corrective.
Key Levels
Resistance Levels: $ 54.40, $ 52.34, $ 49.42
Support Levels: $ 43.83 $ 42.93, $41.80
USDWTI Long term Trend: Bearish
WTI crude oil prices plummeted more than 2% on Friday and reached multi-year support at $ 43.83 level. Given that this zone was held in the past, we anticipate seeing some ranging.
RSI indicates a low momentum at the moment and indicates oversold. Thus, oil prices should set a rebound past the $ 47.01 level for any signs of a rebound.
USDWTI Short term Trend: Bearish
During the day, the pair is trading on the level at $ 45.27, with oil trading up 2.64% against the US dollar after Friday’s close amid hopes that the Organization of Petroleum Exporting Countries (OPEC) and its allies may deepen reduction in oil supplies.
The pair is anticipated to maintain support at $ 43.83 level, and a fall could lead to the next support level at $ 42.93. The pair is anticipated to find its first resistance at $ 47.01 level, while an increase could lead to the next resistance level at $ 49.42.
Instrument: USDWTI
Order: Buy
Entry price: $ 43.83
Stop: $ 42.93
Target: $ 47.01
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
