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WTI Futures Retest Restrictive Trendline

WTI Futures Retest Restrictive Trendline
WTI oil futures (July delivery) have been moving without a clear direction in the last month. Even though the commodity managed to spike above the upper end of its downward sloping channel after OPEC’s decision to cut output, the price quickly retraced lower and re-entered its long-term bearish pattern. The momentum indicators are reflecting a cautiously positive tone. […] The post WTI Futures Retest Restrictive Trendline appeared first on Action Forex... Read More
Posted: Jun 8 2023, 14:20
Author Name: actionforex
Views: 102297

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