WTI oil futures (January delivery) have been stuck in a downtrend since mid-June when the price failed to surpass the 121.00 mark. Although the commodity managed to regain some ground after bouncing at the nine-month low of 76.25, the price has dropped again below its 50-day simple moving average (SMA). The momentum indicators currently suggest that bearish forces […]
The post WTI Oil Futures Retreat Below 50-day SMA appeared first on Action Forex.
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