Technical Analysis – West Texas Intermediate futures regain some ground above SMAs
WTI crude oil futures for September delivery have finally reversed to the upside after the rebound on the long-term ascending trend line. The price also surpassed the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, suggesting an extension of the bullish momentum. From the technical point of view, the RSI indicator is pointing […]