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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 […]... Read More
Posted: Sep 4 2023, 02:27
Author Name: marketpulse
Views: 111664

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