WTI Oil: Worries About China Demand and Rise in US Crude Inventories Keep Bears in Play

<p><img width="612" height="393" src="https://www.actionforex.com/wp-content/uploads/2018/11/f-oil49-e1600277761771.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2018/11/f-oil49-e1600277761771.jpg 612w, https://www.actionforex.com/wp-content/uploads/2018/11/f-oil49-e1600277761771-600×385.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>WTI oil price holds in red for the third straight day and pressuring pivotal Fibo support at $75.61 (61.8% retracement of $63.63/$95.00 rally) which was dented last week, but with triple failure to register close below support and generate fresh bearish signal. Technical picture on daily chart remains bearish as negative momentum continues to strengthen [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/527709-wti-oil-worries-about-china-demand-and-rise-in-us-crude-inventories-keep-bears-in-play/">WTI Oil: Worries About China Demand and Rise in US Crude Inventories Keep Bears in Play</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>