WTI crude oil prices seem defensive at around $105.00 during Friday’s Asian session, after rising to a four-day high on crossing the 21 and 50 DMAs the previous day. The black gold’s latest inaction fails to disappoint buyers, backed by the key DMA breakout and steady RSI. That said, the commodity’s upside momentum remains bumpy as the 50% Fibonacci retracement of February-March upside, around $107.00, appears the nearby key hurdle for buyers to tackle before heading towards the resistance line from late March, near $109.30. It’s worth noting that, the black gold’s rally beyond $109.30 needs validation from the ... (full story)