{video}WTI oil futures (September delivery) bounced forcefully near the critical resistance-turned-support zone of 66.65 late on Wednesday, quickly recouping most of Monday’s losses to trade back above the 70.00 level. The sprint saved the marked from an outlook deterioration in the medium-term picture, but in the short-term window, the price is still structurally in a bearish corrective mode below the 76.20 peak. As regards the price momentum, although the upside reversal in the Stochastics is promoting further recovery in the market, some negative risks continue to linger in the background as the RSI has yet to ... (full story)