WTI trades within symmetrical triangle 20- and 50-day SMAs are ready for bearish cross WTI crude oil is moving back and forth from the 200-day simple moving average (SMA), with a strong resistance area near the potential bearish crossover between the 20- and 50-day SMAs. The price is developing within a symmetrical triangle in the medium-term […]
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On Dec. 29, all passengers aboard a flight on South Korean carrier Jeju Air were killed when a plane skidded down a runway at Muan International Airport (MWX) and burst into flames. The airport is Read more…
WTI oil price advanced around 1.3% in holiday-thinned trading on Monday, underpinned by increased fuel demand on holiday season that was reflected on stronger than expected drop in crude inventories. Near-term picture is turning positive Read more…
Energy is expected to regain the attention of market speculators next year due to both technical and fundamental factors. WTI has repeatedly rallied on attempts to break below $67, which has been a turning point Read more…