Technical Analysis – WTI oil futures in extreme downfall; bearish and oversold
WTI oil futures for April delivery is in free-fall mode on Monday after OPEC+ meeting triggered a price war between Saudi Arabia and Russia last week. Oil price opened 11% lower on Monday and at a multi-year low of 27.32, though not far from 2016 troughs. Technically, the market is strongly oversold as the RSI is printing new […]