Technical Analysis – WTI oil futures maintain upward pattern; could weaken in short-term

WTI Oil futures for May delivery look fairly bullish in the 4-hour chart, continuing to trade inside an ascending channel since the mid of March. Yesterday the market touched a two-month high at 66.52, coming closer to break the three-year peak of 66.63 hit around the end of January. Looking at momentum indicators, the RSI has slowed […]