WTI Oil Futures’ Rebound Falters

<p><img width="612" height="454" src="https://www.actionforex.com/wp-content/uploads/2023/02/f-oil103.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2023/02/f-oil103.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil103-600×445.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil103-150×111.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil103-300×223.jpg 300w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil103-485×360.jpg 485w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil103-566×420.jpg 566w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil103-80×60.jpg 80w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil103-265×198.jpg 265w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>WTI futures fail to breach the ascending trendline Oil drops below 50-day SMA towards October low Momentum indicators tilt to the bearish side WTI oil futures (November delivery) had been in a steady advance since July, climbing to a 13-month peak of 95.02 on September 28 before experiencing a correction. Even though oil managed to halt the retreat and […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/522718-wti-oil-futures-rebound-falters/">WTI Oil Futures’ Rebound Falters</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>