Technical Analysis – WTI crude oil futures maintain weak upside bias in near-term; broader trend is bullish
WTI Crude Oil futures have traded lower in the prior three days following the pullback on the fresh three-year high of 64.80. When looking at the bigger picture the price is endorsing the scenario for further gains, however, in the short-term timeframe a bearish correction is possible. The price slipped below the 161.8% Fibonacci retracement […]