WTI Futures’ Bearish Pressures Weigh on Positive Structure

WTI oil futures have reached the 96.00 handle after the black liquid’s price deteriorated over the last two-weeks from the 116.62 level. It appears sellers are governing the commodity and are starting to throw some doubt on the lifespan of the bullish structure. However, this is not being reflected in the rising simple moving averages […]

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