WTI oil futures (February delivery) have been trending downwards since June but managed to regain some ground after finding their feet at the one-year low of 70.30. In the near term, the price is challenging the 50-day simple moving average (SMA), which has repeatedly rejected the commodity’s rebound. The momentum indicators currently suggest that bullish forces are […]
The post WTI Oil Futures Retest 50-day SMA appeared first on Action Forex.
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