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WTI crude has evolved into a short-term uptrend but risk of shaping a minor decline below $US78.40 due to overbought condition.
WTI crude may have a minor bottoming configuration between US$78.40 and US$69.20 despite conflicting fundamental factors.
The final GPC of 2023 formalises the spec and testing parameters of the new 40% non-fossil fuel and widens some age exceptions for younger riders
Technical analysis of WTI crude oil is still showing several positive elements despite the uncertainty over 2024 oil supply cuts commitments
Bullish reversal in WTI crude oil is likely to have ended its 5-day of range consolidation to kickstart another impulsive up move