WTI to dip again?
After 4 straight days of gains, WTI is pushing lower this morning as profit taking and continued worries of oversupply resurface. Initial optimism over the OPEC meeting seems to have subsided, with the talks seen to be unlikely to tighten supply. On the daily chart, above, price, so far, is bouncing at the middle Bollinger Band suggesting the down trend is still firmly intact.
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