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Back Technical analysis
WTI - West Texas Intermediate. Analysis and Forecast
Prices for U.S. crude oil West
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Prices for U.S. crude oil West Texas Intermediate (WTI) are consolidating near a one-month high, pausing a four-day winning streak, although the intraday pullback lacks bearish conviction.WTI prices are consolidating near monthly highs, breaking a four-day streak of gains. However, the intraday decline lacks the strength to be considered convincingly bearish. Moreover, the Relative Strength Index (RSI) on the daily chart has just begun to build positive momentum, reinforcing the bullish outlook.The overnight breakout and close above the 200-period Simple
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