Crude Oil Prices Resilient Despite Reversal Signal as Retail Traders Turn Bearish - DailyFX


5/23/2022 12:00:00 AM2 years 11 months ago
by Daniel Dubrovsky

Crude oil prices continue to consolidate despite a reversal warning sign. However, retail traders recently turned bearish on WTI. Will this send energy prices higher instead?

Crude Oil, WTI, IG Client Sentiment, Technical Analysis - Talking Points:

  • WTI crude oil remains resilient despite bearish technical signal
  • This is as the rising trendline from late 2… [+1971 chars]

    full article...