Recent 4 weeks of bullish movement in WTI crude oil has flashed out bullish exhaustion conditions. At the risk of shaping a bearish counter-trend/mean reversion movement within a major uptrend phase. Key resistance will be at US93.80 with intermediate support zone of US$86.30/US$84.90 West Texas Oil (a proxy of WTI crude oil futures)’s relentless medium-term […]
The post WTI Oil Technical: Bullish Exhaustion Sighted Below US$93.80 Key Resistance appeared first on Action Forex.
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