WTI oil futures in bearish phase but maintain medium-term neutral outlook

WTI oil futures have unwound almost all of the gains made from the recent rally off the key 57 level. The near-term bias is to the downside and last Friday’s 58.86 high remains unchallenged. Technicals are bearish on the 4-hour chart. The market has dropped below the 20 and 50-period moving avera...
WTI oil futures in bearish phase but maintain medium-term neutral outlook