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WTI Oil Technical: Risk of Countertrend Setback After Rallying a Year-to-Date High

WTI Oil Technical: Risk of Countertrend Setback After Rallying a Year-to-Date High
Erased prior two weeks of consecutive losing streaks to trade a current year-to-date closing high of US$86.31 per barrel printed on last Friday, 1 September. Price actions are oscillating within short-term and medium-term uptrend phases. Hourly technical indicators (RSI & Bollinger Bands Bandwidth) are suggesting the risk of an imminent minor pull-back in price actions […] The post WTI Oil Technical: Risk of Countertrend Setback After Rallying a Year-to-Date High appeared first on Action Forex... Read More
Posted: Sep 4 2023, 02:39
Author Name: actionforex
Views: 111624

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