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WTI Oil Futures Hit Yearly Lows; Bias Negative

WTI Oil Futures Hit Yearly Lows; Bias Negative
WTI oil futures entered the red zone following the rejection near the 20-day simple moving average (SMA), stretching their 2022 downtrend to a new yearly low of 71.75 on Wednesday. The 38.2% Fibonacci retracement of the 2020-2021 upleg proved to be a tough obstacle too near 83.20. The four-day bearish streak could see a continuation, […] The post WTI Oil Futures Hit Yearly Lows; Bias Negative appeared first on Action Forex... Read More
Posted: Dec 8 2022, 09:39
Author Name: actionforex
Views: 110788

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