WTI Oil Technical: Sideways Within a Potential Minor Bottoming Configuration

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<p>Ongoing hostilities in the Middle East region and the Red Sea shipping route have put a potential “floor” in oil prices due to the increasing risk of supply disruptions. The demand side has remained weak as China’s top policymakers have signalled a less forceful approach in enacting stimulus measures after PBoC left its 1-year MLF […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/535466-wti-oil-technical-sideways-within-a-potential-minor-bottoming-configuration/">WTI Oil Technical: Sideways Within a Potential Minor Bottoming Configuration</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>