Tuesday, June 25, 2019
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OIL-JUN19 | EconAlerts

Technical Analysis – WTI oil futures form a golden cross pattern

WTI oil futures managed to close with marginal gains on Monday after falling below the longer-term 50 and 200-day simple moving averages (SMA) to touch a one-month low of 60.02. The short-term bias, though, remains neutral-to-negative as the MACD is losing steam below its red signal line and moving towards zero, while the RSI seems to be unable to

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OIL-JUN19 | EconAlerts

Technical Analysis – WTI oil futures unlock fresh tops

WTI oil futures unlock fresh tops in an overbought area. WTI oil futures extended their bullish momentum above the 66 level and towards fresh six-month highs on Tuesday. While the RSI has re-entered the overbought territory, the Stochastics have yet to post a bearish cross above 80, indicating that there is still some room for improvement in the

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