WTI crude oil clings to mild gains around $81.15 during the three-day winning streak heading into Monday’s European session. In doing so, the black go
Clear upside break of short-term resistance line, firmer RSI line allows Oil buyers to retake control.
clings to mild gains around $81.15 during the three-day winning streak heading into Monday’s European session. It’s worth noting that China took multiple steps, via the People’s Bank of China and fiscal measures, which in turn allowed the energy benchmark to remain firmer of late. Even so, the bearish signals from the MACD indicator appear losing the momentum of late and the odds of WTI’s consolidation of previous pullback ahead of top-tier data/events can’t be ruled out.
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