Technical Analysis – WTI futures capped by 61.8% Fibonacci; 200-period SMA flattens
WTI crude oil futures confirmed the double bottom pattern at 10.00 after the jump above the 38.2% Fibonacci retracement level of the downward wave from 54.70 to 6.75 at 18.03. The upside tendency in the short-term is now shift to neutral over the last sessions, remaining below the 61.8% Fibo of 25.00. If the price […]