WTI crude oil picks up bids to consolidate recent losses around $67.15 during Monday’s Asian session. In doing so, the black gold bounces off the 15-month low marked the previous day amid oversold RSI conditions. However, the energy benchmark remains well below the previous key support confluence comprising the 10-DMA and an upward-sloping support line from December 2021, now resistance near $71.20-30. It should be noted, however, that the latest rebound could aim for $70.00. That said, a horizontal area comprising multiple levels marked since early January, around $72.70, appears the key hurdle for the WTI bulls to ... (full story)