WTI Price Analysis: Consolidates above key EMAs near $75 mark – by FXstreetNews Oil WTI Commodities DollarIndex CPI
Crude oil holds above the key 50- and 100-hour Exponential Moving Averages .WTI, the US crude oil benchmark, holds the ground above the $74.70 mark during the Asian trading session., WTI crude oil holds above the key 50- and 100-hour Exponential Moving Averages with a rising slope, emphasizing the path of least resistance to the upside.
On the contrary, WTI crude oil could correct toward $72.65 . A breach of the latter could pave the way for a test of $72.40, highlighting the 50-hour EMA, en route $71.60, the 100-hour EMA. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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