WTI Oil Technical: Risk of countertrend setback after rallying a year-to-date high
WTI crude oil may see an imminent minor pull-back below US$87.25 key short-term resistance after a strong bullish reversal last week
Source: marketpulse.com
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WTI Oil Technical: Potential bullish reversal to resume medium-term uptrend
WTI crude oil is now exhibiting positive momentum which suggests a potential bullish continuation of its medium-term uptrend phase,
Source: marketpulse.com
WTI Oil Technical: Time for a potential short-term pullback
West Texas Oil faces the risk of a short-term corrective pull-back within its current medium-term uptrend phase from 28 June 2023 low
Source: marketpulse.com
Crude Oil Prices Steady as Focus Remains on Broader Markets
Geopolitical tensions provide support for oil prices, while a strong rebound is unlikely until the banking crisis dissipates.
Source: fxempire.com
WTI Tests Biden's Price Range for SPR Refills after Yesterday's Fresh Yearly Low
The WTI bear trend continues despite OPEC+ output cuts and positive re-opening news out of China. Can Biden’s target price for SPR refills act as an artificial price floor?
Source: dailyfx.com