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WTI futures upside risks intact despite minor pause
WTI oil futures have managed to maintain their bullish bearing, which began at the start of December 2021 from 62.25, and are currently facing the November 10 high of 83.28. The longer-term simple moving averages (SMAs) are sustaining a positive incline, backing the broader uptrend in the commodity. The Ichimoku lines are indicating a small pause in bullish impetus, while the short-term oscillators are suggesting additional advances in the black liquid. The MACD, in the positive zone, is distancing itself further north of the red trigger line, while the positively charged stochastic oscillators’ lines are promoting ... (full story)