Technical Analysis – WTI crude oil futures post neutral sessions; Bollinger bands act like obstacles
WTI Crude Oil futures have been moving sideways over the last few sessions in the 4-hour chart, signaling weak momentum. The price hit several times the 20-simple moving average but failed to trade lower. Having a look at the bigger picture, oil has lost its aggressive buying interest but remains in bullish territory. In the 4-hour chart, the RSI indicator is flattening slightly […]