Key takeaways WTI crude oil is on track for its worst monthly performance since April 2025, down 16% in May as easing US-Iran tensions reduce geopolitical risk premium. Technical signals remain bearish, as WTI trades below its 20-day and 50-day moving averages within a descending channel. Further downside risks remain in play toward the US$87.60 […]
The post Chart Alert: WTI Crude Is Entrenched in a Minor Downtrend Below 20-Day and 50-Day Moving Averages appeared first on ActionForex.
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