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WTI Oil Futures Consolidate Above 50-day SMA

WTI Oil Futures Consolidate Above 50-day SMA
WTI oil futures (March delivery) have been stuck in a prolonged downtrend since June, generating a fresh one year-low of 70.30 in December. Even though the commodity managed to recoup some losses and break above its 50-day simple moving average (SMA), its rebound seems to be running out of juice. The momentum indicators currently suggest that near-term risks […] The post WTI Oil Futures Consolidate Above 50-day SMA appeared first on Action Forex... Read More
Posted: Jan 26 2023, 09:00
Author Name: actionforex
Views: 110587

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