WTI Futures Remain Flat Within Bearish Channel

<p>WTI oil futures (August delivery) have been moving within their downward sloping channel for the last 10 months, creating a structure of lower highs. In the near term, the price has been directionless, slightly below the 70.00 region following a moderate pullback from the 50-day simple moving average (SMA). The momentum indicators currently suggest that bearish […]</p>
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