{video}WTI oil futures (November delivery) have been experiencing a prolonged decline since mid-June when the price failed to surpass the 121.00 mark. Although the commodity has been recording consecutive fresh lows in the last few daily sessions, it managed to recoup some losses after hitting an 8-month low. The short-term oscillators are depicting that bearish forces remain in control despite the recent upside bounce. Specifically, the MACD remains below both zero and its red signal line, the RSI is flatlining beneath the 50-neutral threshold. Should the negative momentum intensify further, price declines could ... (full story)