Technical Analysis – WTI futures advance above SMAs with weak momentum
WTI crude oil futures are trading around the vicinity of 26.71, following the bounce off the multi-year low of 6.62 and the 10.00 handle. The price failed on a second attempt to breach this level, but it remains above the 20- and 40-day simple moving averages (SMAs). Looking at the short-term oscillators, the MACD and […]