WTI Oil Futures in a Fierce Battle With 200-day SMA

<p><img width="612" height="409" src="https://www.actionforex.com/wp-content/uploads/2023/02/f-oil105.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-oil105.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil105-600×401.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil105-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/02/f-oil105-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>WTI futures fall to a 4-month low before attempting a recovery  But their rebound is being held down by the 200-day SMA  Momentum indicators suggest that positive momentum is picking up WTI oil futures (January delivery) have been on the retreat since their October peak of 89.85, breaking aggressively below historical support zones. Although the price managed to find its feet […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/529681-wti-oil-futures-in-a-fierce-battle-with-200-day-sma/">WTI Oil Futures in a Fierce Battle With 200-day SMA</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>