WTI oil futures are striving to overstep the curbing 50-day simple moving average (SMA) after the pullback from the 7-year high rebounded at the 75.00 handle. The 200-day SMA is defending the bigger bullish structure, while the 50 and 100-day SMAs are endorsing the short-term uptrend in the pair. The short-term oscillators are suggesting that the negative momentum may be running out of steam. The MACD is slightly in the negative region but is flattening below its red trigger line, indicating that negative forces are somewhat subsiding. That said, the RSI is signalling that upside forces are lacking a convincing ... (full story)