WTI CRUDE OIL
WTI CRUDE OIL
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Commodities
Ticker: WBS
ISIN:

WTI CRUDE OIL - Is Rising After the Rebound on $43.90 - 07/17/2017 (GMT)

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The West Texas Intermediate (WTI) crude oil had a declining move since January of this year and during this month the price is trying to recover some of the losses. The oil is developing near its opening level on a monthly basis after the sharp sell-off in the previous months. The previous week added more than 6% after the significant bounce off the $43.90 level.

Technically, on the short-term chart, the price is again approaching the $47.40 resistance handle and if there is a successful jump above it, will hit the 100-day SMA near $48.12. The RSI indicator is flattening in the positive path whilst the MACD oscillator entered into the bullish area and rose above its trigger line.
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