WTI Price Analysis: Bulls pile into key daily resistance but hungry for more

South Africa News News

WTI Price Analysis: Bulls pile into key daily resistance but hungry for more
South Africa Latest News,South Africa Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

WTI Price Analysis: Bulls pile into key daily resistance but hungry for more Oil WTI Technical Analysis

At the time of writing, the black gold is trading 2.71% higher after rallying from a low of $68.03 to a high of $70.93 so far. This has seen the price move into the M-formation's neckline and a potential resistance zone. However, as the following analysis illustrates, the bulls could well commit at this juncture to complete the final leg of the W-formation:Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WTI Price Analysis: Bears make their moves during the Fed, break support structureWTI Price Analysis: Bears make their moves during the Fed, break support structureWest Texas Intermediate, WTI, crude oil dropped on Wednesday, breaking key support structure on the downside as a pause in US interest rate hikes acco
Read more »

EUR/USD Price Analysis: Bulls eye a break of key daily resistanceEUR/USD Price Analysis: Bulls eye a break of key daily resistanceEUR/USD popped and dropped on Tuesday after hitting a 3-week high. A weaker dollar Tuesday was supportive of the euro but there was a turnaround when
Read more »

GBP/USD Price Analysis: Cable bulls stall near 1.2600, pullback hinges on UK GDP, FedGBP/USD Price Analysis: Cable bulls stall near 1.2600, pullback hinges on UK GDP, FedGBP/USD Price Analysis: Cable bulls stall near 1.2600, pullback hinges on UK GDP, Fed GBPUSD Technical Analysis Candlesticks ChartPatterns Macroeconomics
Read more »

EUR/USD Price Analysis: Bulls in the market ahead of the Fed, what are the implications?EUR/USD Price Analysis: Bulls in the market ahead of the Fed, what are the implications?EUR/USD has been decisively bid on the day in the build-up to the Federal Reserve which leaves the long squeeze a viable scenario for the sessions ahe
Read more »

EUR/USD Price Analysis: Euro bulls approach 1.0860 hurdle ahead of ECB Interest Rate DecisionEUR/USD Price Analysis: Euro bulls approach 1.0860 hurdle ahead of ECB Interest Rate DecisionEUR/USD Price Analysis: Euro bulls approach 1.0860 hurdle ahead of ECB Interest Rate Decision EURUSD ECB Technical Analysis ChartPatterns TrendFollowing
Read more »

AUD/NZD Price Analysis: Well set for 1.1100 as Australia, New Zealand data favor bullsAUD/NZD Price Analysis: Well set for 1.1100 as Australia, New Zealand data favor bullsAUD/NZD marks a steep reversal from the weekly low, as well as snaps two-day downtrend, as it jumps to 1.1010 after witnessing upbeat Australia employ
Read more »



Render Time: 2025-08-27 18:22:18