WTI June Futures extend two-day winning streak to highest levels since March. A downward sloping resistance line from early-January on the bulls’ radars. Monthly support line, 50-day SMA restricts the black gold’s immediate declines. WTI futures for June take the bids near $30.70, intraday high of $30.92, up 4.0% on a day, during early Monday. While the black gold’s sustained trading above $30.00 keeps it on the bulls’ radars, a descending trend line since January 08, 2020, at $33.75 now, is in the focus for now. Although a steep rise in the RSI might trigger the oil benchmark’s pullback moves around the key ... (full story)