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WTI Oil Futures Extend Sideways Pattern

WTI Oil Futures Extend Sideways Pattern
WTI oil futures (April delivery) have been stuck in a rectangle pattern since early November, appearing unable to adopt a clear trend. Meanwhile, the commodity has been gaining ground in the last few daily sessions, but the 50-day simple moving average (SMA) has capped its upside. The momentum indicators currently suggest that buying pressures are intensifying. Specifically, […] The post WTI Oil Futures Extend Sideways Pattern appeared first on Action Forex... Read More
Posted: Mar 2 2023, 09:29
Author Name: actionforex
Views: 082221

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