Description
WTI crude oil has rebounded after a sharp selloff pushed prices to $94.62, testing critical trend support. But a failed breakout near $106.45 has raised the risk of a bearish double-top pattern.
This WTI crude oil forecast examines the battle around the 50-day moving average near $96.34 and the importance of holding $94.62 support. Can buyers sustain the recovery and eventually challenge $106.84, or will sellers regain control?
For the full article:
https://www.fxempire.com/forecasts/article/wti-price-forecast-buyers-defend-key-support-after-sharp-selloff-1642349/
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