Technical Analysis – WTI oil futures hold neutral after ticking up to a 12-week high
WTI crude oil futures for July delivery have been moving slightly higher on the four-hour chart since the soft rebound on the ascending trend line at 30.57 which has been holding since April 28. Over last couple of days, the commodity is trading sideways, finding resistance near the 12-week high of 35.90 and the upper Bollinger band. In the short-term, the market could […]