{video}WTI oil futures is creating positive 4-hour sessions after the bounce off the three-month rising trend line and the 50.41 significant support level. The commodity today has advanced to the nearby Ichimoku cloud’s upper band around the 23.6% Fibonacci retracement level of the bearish movement from 59.62 to 49.29 at 51.74. The short-term oscillators suggest an increase in positive momentum for now. The RSI indicator is approaching the bullish region, while the %K line of the stochastic oscillator entered the overbought zone and the %D line is following this action. However, the potential bearish crossover within ... (full story)