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WTI Futures Stuck in Range after Bounce Off 17-month Low

WTI Futures Stuck in Range after Bounce Off 17-month Low
WTI oil futures (July delivery) had been in recovery mode, but the 200-day simple moving average (SMA) recently rejected their latest advance. Since then, the price plummeted to a fresh 17-month low of 64.20 before recouping some losses. The momentum indicators currently suggest that bearish forces are subsiding but remain in control. Specifically, the stochastic […] The post WTI Futures Stuck in Range after Bounce Off 17-month Low appeared first on Action Forex... Read More
Posted: May 18 2023, 10:11
Author Name: actionforex
Views: 110560

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