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WTI Oil Futures Set Bullish Tone, But Too Early for Trend Reversal

WTI Oil Futures Set Bullish Tone, But Too Early for Trend Reversal
WTI oil futures bounced back into the 70.00 territory after its latest downfall stalled marginally below the March 15-month low of 64.36. While the market seems to have formed a bullish double bottom pattern in the short-term picture, flagging a potential upside trend reversal, a confirmation signal could appear significantly higher above 83.00. In other trend signals, the simple […] The post WTI Oil Futures Set Bullish Tone, But Too Early for Trend Reversal appeared first on Action Forex... Read More
Posted: May 11 2023, 09:31
Author Name: actionforex
Views: 110263

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