WTI crude oil futures recorded a significant downfall over the past six days after they found strong resistance at the eight-month high of 65.60 last week. Currently, the price is flirting with the ascending trend line around the 57.70 support level, supposing a possible rebound on it or a breakdown. The negative slope in the RSI, which falls comfortably below its 50 neutral mark, and the downfall of the MACD near its zero line, they are painting a bearish picture for the short-term trading. However, with the stochastic searching for a pullback in the oversold area, it is reasonable to believe that the sell-off may ... (full story)