WTI Oil Technical: Continuation of Potential Impulsive Up Move Within a Major Uptrend

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil89.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil89.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-oil89-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>The recent minor corrective pull-back of -4.7% from its 19 September 2023 high of US$93.05 is likely to have ended. Bullish reversal candlestick, a daily “Hammer” sighted after a retest on its upward-sloping 20-day moving average. Key short-term support to watch will be at US$90.30, the pull-back of the former minor “pennant” range resistance. West […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/fundamental-analysis/520499-wti-oil-technical-continuation-of-potential-impulsive-up-move-within-a-major-uptrend/">WTI Oil Technical: Continuation of Potential Impulsive Up Move Within a Major Uptrend</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>