WTI oil futures (September delivery) have been losing ground since early June when the price failed to surpass the 121.00 mark. Although a further decline had been rejected multiple times by the 200-day simple moving average (SMA), the price managed to close below this important barrier, endorsing a broader bearish technical picture. The momentum indicators suggest […]
The post WTI Futures Break Below 200-Day SMA, Approaching Crucial Area appeared first on Action Forex.
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