{video}WTI oil futures (April delivery) have been stuck in a rectangle pattern since early November, appearing unable to adopt a clear trend. Meanwhile, the commodity has been gaining ground in the last few daily sessions, but the 50-day simple moving average (SMA) has capped its upside. The momentum indicators currently suggest that buying pressures are intensifying. Specifically, the stochastic oscillator is ascending near its 80-overbought zone, while the MACD histogram jumped above its red signal line but remains below zero. To the upside, if the price continues its latest advance, the recent resistance of 80.80 ... (full story)