 WTI oil futures entered the red zone following the rejection near the 20-day simple moving average SMA, stretching their 2022 downtrend to a new yearly low of 71.75 on Wednesday. The 38.2 Fibonacci retracement of the 2020-2021 upleg proved to be a tough obstacle too near 83.20. The four-day bearish streak could see a continuation, ... The post WTI Oil Futures Hit Yearly Lows; Bias Negative appeared first on Action Forex... 