交易新闻
24 Apr 2015
WTI retreats from near YTD highs
FXStreet (Mumbai) - WTI oil futures on the Nymex remains subdued in early Europe, as traders took to profit-booking after the recent rally boosted by renewed conflict in Yemen that sparked worries over shipments from the Middle East region.
WTI back below USD 58
Currently, WTI trades nearly -0.55% lower at 57.43 levels, retreating from 57.62 lows. Crude prices keeps losses this session correcting heavy gains from the previous session after reports that warplanes from a Saudi Arabia-led coalition pounded Houthi militiamen and military bases with at least 20 air strikes throughout Yemen.
Moreover, the stronger greenback prevented oil from further gains, as it has become more expensive in other currencies. The US dollar index gained 0.13% at 97.55.
Oil Technical Levels
WTI oil has an immediate resistance which stands at 58 levels above which gains could be extended to 58.60 levels. Meanwhile, support is seen at 55 levels from here losses could be extended to 53.50 levels.
WTI back below USD 58
Currently, WTI trades nearly -0.55% lower at 57.43 levels, retreating from 57.62 lows. Crude prices keeps losses this session correcting heavy gains from the previous session after reports that warplanes from a Saudi Arabia-led coalition pounded Houthi militiamen and military bases with at least 20 air strikes throughout Yemen.
Moreover, the stronger greenback prevented oil from further gains, as it has become more expensive in other currencies. The US dollar index gained 0.13% at 97.55.
Oil Technical Levels
WTI oil has an immediate resistance which stands at 58 levels above which gains could be extended to 58.60 levels. Meanwhile, support is seen at 55 levels from here losses could be extended to 53.50 levels.