WTI Futures Retest 20-day SMA in a Descending Move

[PocketOption]

WTI Futures Retest 20-day SMA in a Descending Move

WTI futures rebounded off the eight-month low of 81.20 and reached the 20-day simple moving average (SMA) at 89.50. The technical oscillators are showing some contradicting signs. The MACD is surpassing its trigger line suggesting more gains; however, the stochastic is appearing overbought as it is ready to post a bearish crossover within its %K […]

The post WTI Futures Retest 20-day SMA in a Descending Move appeared first on Action Forex.

Source: WTI Futures Retest 20-day SMA in a Descending Move