{video}WTI oil futures (October delivery) could not pick up any rewards this week, remaining trapped between the 20- and 50-day simple moving averages (SMA) at 67.46 and 69.62 respectively. The technical picture displays a neutral-to-bullish short-term bias as the MACD is looking to flourish within the positive area, while the RSI is extending its zigzag move above its 50 neutral level. Hence, traders will be focused on a possible extension above the 50-day SMA before they raise their buying orders. In this case, a decisive close above the tentative descending trendline seen around the 71.00 number and the 61.8% ... (full story)