The West Texas Intermediate (WTI) crude, the North American oil benchmark, is currently trading at $41.55, representing a 0.36% decline on the day. The black gold has recovered from the session low of $41.12 and is fast approaching resistance at $41.72 (Sept. 18 high). While the bulls failed to establish a foothold above that level on Monday, they ended up carving out a bullish outside day candle. That, coupled with the above-50 or bullish reading on the 14-day relative strength index and the positive value on the MACD histogram, suggests scope for a breakout above $41.72. That would expose the 2020 high of $43.78 ... (full story)