 WTI oil futures February delivery have been trending downwards since June but managed to regain some ground after finding their feet at the one-year low of 70.30. In the near term, the price is challenging the 50-day simple moving average SMA, which has repeatedly rejected the commoditys rebound. The momentum indicators currently suggest that bullish forces are ... The post WTI Oil Futures Retest 50-day SMA appeared first on Action Forex... 