{"id":59946,"date":"2022-02-10T05:13:04","date_gmt":"2022-02-10T01:13:04","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=59946"},"modified":"2022-02-10T05:13:08","modified_gmt":"2022-02-10T01:13:08","slug":"wti-steadies-at-five-week-support-line","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wti-steadies-at-five-week-support-line\/02\/10\/market-updates\/","title":{"rendered":"Wti Steadies At Five-Week Support Line"},"content":{"rendered":"\n<p>WTI keeps the previous day\u2019s bounce from short-term key supports around $89.00 during Thursday\u2019s Asian session.<br><br>Oil grinds higher towards the weekly resistance line, near $89.65 at the latest. Although a clear rebound from the 10-DMA and an upward sloping trend line from January 03, 2022, keeps buyers hopeful to overcome the immediate resistance surrounding $89.65.<br><br>As a result, the $90.00 threshold will act as an extra filter to the north before directing the WTI crude oil prices towards the latest multi-month high of $91.77.<br><br>If oil remains firmer past $91.77, the September 2014 peak of $95.90 will be in focus. Alternatively, pullback moves may initially target the 10-DMA and the stated support line, respectively near $88.60 and $88.25, before directing sellers towards the 21-DMA level of $86.45.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI keeps the previous day\u2019s bounce from short-term key supports around $89.00 during Thursday\u2019s Asian session.Oil grinds higher towards the weekly resistance line, near $89.65 at the latest. Although a clear rebound from the 10-DMA and an upward sloping trend line from January 03, 2022, keeps buyers hopeful to overcome the immediate resistance surrounding $89.65.As &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6936,7561,6909],"class_list":["post-59946","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil-prices","tag-resistance","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=59946"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59946\/revisions"}],"predecessor-version":[{"id":59950,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59946\/revisions\/59950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=59946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=59946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=59946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}