WTI

٢٤ أغسطس ٢٠٢٢

Breaking out of daily downtrend range that it has had since June. Weekly put in a higher low in RSI and bounced off the price support line since the COVID correction. MACD seems to be bottoming on the weekly. Daily breaking out of downtrend price line along with being above the 50 on RSI. Oil most likely going to make a move higher as production is also reduced in Saudi.