WTI crude oil price on Friday pulled back off the current week’s highs of about $84.46 to trade at about $84.00. The oil price appears to be trading within an ascending channel formation in the 60-minute chart. The light crude oil price continues to oscillate a few levels above the 100-hour moving average line. Friday’s pullback prevented the oil price from advancing into the overbought levels of the 14-hour RSI. From a fundamental perspective, light crude oil is trading at the back of a relatively busy period in the US market. On Friday, the US personal consumption expenditures price index for March beat the ... (full story)