The West Texas Intermediate (WTI) Crude Oil market exhibited a slightly negative tone during Monday's trading session, but it's important to note that it was Memorial Day, resulting in limited activity dominated by electronic trading. The struggle with the 50-Day Exponential Moving Average (EMA) persists, and a breakthrough above that level could potentially propel the WTI grade towards the $75 mark, and even higher to around $79 where the 200-Day EMA is converging. In the event of a decline from the current levels, it's worth considering that the $70 level is likely to provide substantial support, attracting ... (full story)