• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
An Iranian military spokesman said the United States and Israel are targeting civilian and passenger ships in the Gulf region and warned of retaliatory action.Egypts Ministry of Petroleum: Egypt will pay $1.3 billion in outstanding payments to international oil companies by the end of June.On March 21, Apple CEO Tim Cook visited an art space in Chaoyang District, Beijing, to learn about the latest applications of digital technologies, including artificial intelligence (AI), in the preservation and inheritance of traditional culture, such as mural restoration. Cook stated, “This is a very exciting time; everything is changing rapidly, especially in China. I believe AI is one of the most profound things that will happen to us all in our lifetime. In our view, AI is an amplification of human capabilities, not a replacement for humans.” He continued, “I think everyone should put aside their fears and start using it in their daily lives, thinking about how it can help you, how it can make you more efficient, and how it can help you share some of your workload. We all need more happiness in our lives, and some of the things we are doing dont bring happiness. Perhaps AI can help us share these burdens.”Musk: Grok Voice for Business is now available.March 21st - According to "Zhengzhou Release," Zhengzhou will introduce real estate market regulation policies covering areas such as credit support, housing provident fund optimization, preferential treatment for certain groups, government services, and market standardization. These policies will be released to the public and implemented in due course. The main contents include eight policies such as supporting homeownership for young people and strengthening support for home purchases by families with multiple children.

WTI bulls near $92.00 resistance

Alina Haynes

Aug 19, 2022 11:53

101.png 

 

Black gold posted its highest daily gains in a month the day before, bouncing off the 61.8% Fibonacci retracement line of December 2021 to March 2022 upside, approximately $86.85 at press time.

 

The price stays below a convergence of the 21-DMA and a downward sloping resistance line from mid-June, $92.00. Stable RSI and sluggish MACD signals also show lack of rising momentum.

 

Before celebrating, crude oil purchasers should wait for a daily close above $92.00. After that, a run up to July's swing high above $101.00 is possible.

 

The important Fibonacci retracement level at $86.85 precedes the recent multi-month bottom around $85.40 to limit short-term WTI downside.

 

If energy bears keep reins below $85.40, the January 2022 high near $81.70 may act as an intermediate halt before sending prices to $80.00.