West Texas Intermediate crude has been under pressure in Asia and spike to a fresh daily low following the trade talks headlines which sparked off a risk-off session today. Overnight, on a spot basis, WTI was up some 0.20% into the close on Wall Street, having climbed from a low of $52.28 only to be rejected at the $53.73 highs and painting a bearish pin bar on the daily charts again. In Asia, so far, the price dropped to a low of $51.39 but was quickly bought up again by the bulls to the current $52.50s. The 21-DMA is the first hurdle for the bulls which is located a touch below $55 the figure. The $50 and 200-DMAs ... (full story)