WTI Oil Futures Finally Snap Long-Term Barrier

<p>WTI oil futures snapped the 83.40 resistance on Wednesday, exiting marginally the long-term range area to reach a new high of 84.71 today. The RSI and Stochastic oscillator are in the overbought zone, indicating the short-term bullish trend may stall soon as the price nears the upper limit of the upward-sloping channel at 85.40. Should the bulls run […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/513724-wti-oil-futures-finally-snap-long-term-barrier/">WTI Oil Futures Finally Snap Long-Term Barrier</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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