{"id":69226,"date":"2022-07-29T02:48:00","date_gmt":"2022-07-28T22:48:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69226"},"modified":"2022-07-29T04:50:37","modified_gmt":"2022-07-29T00:50:37","slug":"wtis-recovery-still-elusive-below-98-00","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wtis-recovery-still-elusive-below-98-00\/07\/29\/market-updates\/","title":{"rendered":"WTI\u2019s recovery still elusive below $98.00"},"content":{"rendered":"\n<p>WTI crude oil prices pare recent losses around $96.50 during Friday\u2019s Asian session. Oil once again attempted to penetrate a three-week-long symmetrical triangle after the previous day\u2019s failed attempt.<br><br>WTI buyers need a daily closing beyond the $98.00 comprising the stated triangle\u2019s upper line and the 21-DMA, to keep reins. Following that, a run-up towards the highs marked during July 19 and 08, respectively near $100.70 and $102.80, will be in focus.<br><br>It should be noted that the month-start low of $103.11 could act as the last defense for WTI bears. Meanwhile, pullback moves need to break the previous resistance line from mid-June, near $95.80 to tease sellers.<br><br>Even so, the triangle\u2019s bottom around $94.80 and multiple supports near $91.60 could test the commodity\u2019s further downside before directing it to the recent low near $88.35.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI crude oil prices pare recent losses around $96.50 during Friday\u2019s Asian session. Oil once again attempted to penetrate a three-week-long symmetrical triangle after the previous day\u2019s failed attempt.WTI buyers need a daily closing beyond the $98.00 comprising the stated triangle\u2019s upper line and the 21-DMA, to keep reins. Following that, a run-up towards the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61146,"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":[7583,6936,6909],"class_list":["post-69226","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-commodities","tag-oil-prices","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69226","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=69226"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69226\/revisions"}],"predecessor-version":[{"id":69231,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69226\/revisions\/69231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61146"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=69226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}