WTI oil futures may retest the bottom as bearish bias holds

From xm.com Watch this video at https://www.energyexch.com/news/953655-wti-oil-futures-may-retest-the-bottom-as.

WTI oil futures for November delivery turned indecisive after failing to pierce the floor around the 23.6% Fibonacci of the downleg from 76.87 to 42.53 last week. The short-term bias,on the other hand, remains negative as the price is trending below its moving averages, the RSI is showing no improvement below its 50 neutral mark, and the MACD keeps strengthening under its red signal line. A breach of the 23.6% Fibonacci of 50.87 could initially stall near 49.40 and then around the 47.00 mark, but it would turn the neutral medium-term picture to a negative one ...