Daily Technical Insight – WTI: Expect a Short-Term Pullback

On Tuesday, the price of WTI reached a 2-year high at $59.6 following reports of an explosion at the biggest Oil terminal in Libya. Previously, WTI started a strong bullish rise since June this year when it bottomed at $42. Since then, it has made higher highs and higher lows in a near-perfect zigzag manner. […]