WTI crude oil futures have reversed back to the upside, flirting with the 200-day simple moving average (SMA) and the short-term MAs as well as the Ichimoku cloud. The price rebounded on the 36.00 psychological mark and the MACD oscillator posted a bullish crossover with its trigger line in the negative territory. Although the RSI challenged the 50 level, it failed to surpass it and is ticking down. An extension to the upside, climbing above the SMAs, immediate resistance could come from the 43.67 barrier. [..]
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