WTI oil edges higher in early Wednesday after falling nearly 10% previous day (the biggest daily loss since Mar 9), as renewed supply concerns of growing recession signals slashed oil prices. Profit-taking pushed the price higher, though technical studies are bearish and sentiment remains weak, suggesting limited recovery before bears fully re-take control. From technical […]
The post WTI Oil: Bears Consolidating after a 10% Acceleration on Tuesday appeared first on Action Forex.
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