Technical Analysis – WTI oil futures see increased risk to the downside after reversing from key 59 level

WTI Oil futures are making a corrective move after outperforming in recent weeks. The underlying uptrend is still intact, with prices peaking at 59.02 on November 24 following a recent strong rally off the key 55 level. Looking at the 4-hour chart, the market has come under increased pressure after breaking below the shorter-period moving […]