WTI Futures Retreat to Mid-Bollinger Band, Tad Below 105 Mark

WTI oil futures have recoiled toward the vicinity of the mid-Bollinger band and the 50-day simple moving average (SMA) after upside pressures ran out of steam near the 114.00 price hurdle. The ascending longer-term 100- and 200-day SMAs are defending the broader positive structure, while the rolling over of the 50-day SMA, is reflecting modest […]

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