Technical Analysis – WTI oil futures cautiously positive; pullback steers price below 200-SMA
WTI oil futures are leaning towards a positive short-term picture despite penetrating back below the 200-period simple moving average (SMA). The short-term oscillators are confirming a neutral-to-positive outlook unfolding, with the price now breaking back above the 200-period SMA. The RSI’s negative momentum is easing, heading higher in the bearish territory to the neutral mark. […]