Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

WTI Price Analysis: Bears break $46.00 to refresh 13-month low, focus on $44.50

  • WTI bears keep dominating near the lowest level since early-January 2019.
  • Failures to register pullback, a sustained trading below the initial monthly bottom keeps sellers hopeful.

WTI drops to $45.86, down 1.92%, during the early Friday. In doing so, the oil benchmark tests the lowest since January 02, 2019.

Given the quote’s sustained trading below near-term key resistances, coupled with failures to bounce, keep bears directed towards the lows marked during 2019 as well as December 27, 2018, around $44.50.

Should energy bears fail to ignore oversold RSI conditions and dominate below $44.50, December 2018 bottom close to $42.50/45 will be on their radar.

Meanwhile, bulls are less likely to enter below February 05 low of $49.44, a break of which could push oil prices towards 61.8% Fibonacci retracement of the upside between December 2018 and April 2019, around $51.65.

WTI daily chart

Trend: Bearish

 

Gold: Bullish bets in demand amid risk-off

Bullish bets or call options on gold are drawing bids, according to risk reversals, a gauge of calls to puts on the safe-haven metal. One-month risk r
Read more Previous

Breaking: USD/JPY cracks 109.00 as risk sentiment worsens

The buying interest around the safe-haven yen remains unabated in Friday's Asian trading, knocking-off the UD/JPY pair to the weakest levels in three
Read more Next