WTI Oil Futures Succumb to Bearish Pressures

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<p>WTI futures decline after rejection at 50-day SMA  Found their feet around the 80.00 handle, forming potential double bottom Momentum indicators deep in the negative zone WTI oil futures (December delivery) have been on the retreat since their October peak of 89.85. In the near term, the price’s repeated inability to conquer the 50-day simple moving average (SMA) […]</p>
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