WTI Oil Futures Held Down by 200-day SMA

<p><img width="612" height="405" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil94.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil94.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-oil94-600×397.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>WTI futures fall to a 4-month low before attempting a recovery  But the 200-day SMA repeatedly rejects their rebound  Momentum indicators suggest that bears are in charge WTI oil futures (January delivery) have been on the retreat since their October peak of 89.85, breaking aggressively below historical support zones. Last week, the price dropped to its lowest levels since [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528695-wti-oil-futures-held-down-by-200-day-sma/">WTI Oil Futures Held Down by 200-day SMA</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>