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WTI Oil Futures Plummet But 50-day SMA Caps Downside

WTI Oil Futures Plummet But 50-day SMA Caps Downside
WTI oil futures (December delivery) have been experiencing a prolonged decline since mid-June when the price failed to surpass the 121.00 mark. Although the commodity managed to erase a part of its downtrend after bouncing at the nine-month low of 76.25, the technical picture has deteriorated again in the last couple of daily sessions. The momentum indicators currently […] The post WTI Oil Futures Plummet But 50-day SMA Caps Downside appeared first on Action Forex... Read More
Posted: Nov 10 2022, 10:25
Author Name: actionforex
Views: 110685

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