• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 12th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.0520%, and the lowest was 0.6810%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0010%, and the lowest was 0.9010%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0090%, and the lowest was 0.9010%.The Hang Seng Tech Index fell as much as 1% in early trading, and the Hang Seng Index is currently down 0.9%.As of 09:30 Beijing time, New York gold futures rose 0.50%, New York silver futures rose 0.49%, and New York copper futures rose 0.04%.August 12th - According to the Henan Provincial Emergency Management Department, the Henan Provincial Flood Control and Drought Relief Headquarters activated a Level II emergency response for flood control at 8:00 AM on August 12th. From 8:00 AM on the 12th to 8:00 AM on the 13th, most areas along the Huai River and to the north are expected to experience heavy rain, with some counties (cities, districts) in southern Jiaozuo, central and eastern Xinxiang, eastern Luoyang, Zhengzhou, Kaifeng, central and western Shangqiu, Pingdingshan, Xuchang, Luohe, central and western Zhoukou, northeastern Nanyang, and northern Zhumadian experiencing torrential rain. Locally, southeastern Zhengzhou, southern Kaifeng, central Pingdingshan, northern Xuchang, and western Zhoukou will experience extremely heavy rain (250 to 350 mm in some areas), accompanied by short-duration heavy rainfall (maximum hourly rainfall of 40 to 60 mm, locally 80 mm), and localized thunderstorms with strong winds (level 8 to 10).According to NBC News: U.S. Senator Amy Klobuchar has won the Democratic gubernatorial primary in Minnesota.

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.