WTI Oil: Bears Pausing Above Pivotal Supports ahead of Key Economic Releases
<p><img width="612" height="357" src="https://www.actionforex.com/wp-content/uploads/2018/11/f-oil50.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-oil50.jpg 612w, https://www.actionforex.com/wp-content/uploads/2018/11/f-oil50-600×350.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>WTI oil is consolidating within a narrow range early Wednesday after almost 4% drop in past two days which cracked pivotal $81.00 support zone (100DMA (50% retracement of $67.02/$95.00 ascend. Fresh bears faced increased headwinds in this zone, failing so far to register a clear break lower, as key factors that influence price movement are […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/525544-wti-oil-bears-pausing-above-pivotal-supports-ahead-of-key-economic-releases/">WTI Oil: Bears Pausing Above Pivotal Supports ahead of Key Economic Releases</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>
Leave a Comment