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WTI crude oil has started to evolve into a short-term uptrend phase reinforced by the recent liquidity infusion by China’s central bank, PBoC upcoming 50 bps cut on the RRR. The current 5-day rally of WTI crude oil has reached a key medium-term resistance zone of US$79.00/79.40 with a short-term overbought condition. At the risk […]

The post WTI Oil Technical: Approaching a Key Medium-term Resistance, At Risk of Mean Reversion Decline appeared first on Action Forex.

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28/12/2023

Crude Oil Price Recovery Could Gather Pace Above $76

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