WTI Oil Technical: Momentum-Term Downside Momentum Has Eased

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<p>Two key positive technical analysis elements have emerged at the US$67.55/66.35 major support zone. The current medium-term downtrend phase from September 2023 may have reached a terminal point for a potential bullish reversal. China’s rosy retail sales and industrial production for November managed to offset downbeat housing data that provided a short-term tailwind for oil […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/531861-wti-oil-technical-momentum-term-downside-momentum-has-eased/">WTI Oil Technical: Momentum-Term Downside Momentum Has Eased</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>