WTI oil futures (September delivery) have been losing ground since early June when the price failed to surpass the 121.00 mark. However, a further decline has been rejected multiple times by the 200-day simple moving average (SMA) and the price has currently adopted a rangebound pattern. The momentum indicators suggest that near-term risks are tilted […]
The post WTI Futures Extend Sideways Move Supported by 200-SMA appeared first on Action Forex.
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