WTI crude rallies as the EIA shows a larger-than-expected fall in inventories. The price saw solid support in the demand area between the psychological level of 100.00 and the 30-day moving average (103.00). A bullish RSI divergence in this congestion zone suggests a loss of momentum in the retracement. A follow-up close above 107.00 would […]

The post US Oil Bounces off Psychological Level appeared first on Action Forex.