 WTI oil futures February delivery have been stuck in a downtrend since June but managed to bounce at the one-year low of 70.30 and recoup some losses. However, this recovery proved to be short-lived after the 50-day simple moving average SMA curbed the commoditys upside. The momentum indicators currently suggest that bearish forces have gained the upper ... The post WTI Oil Futures Retreat after 50-day SMA Rejects Advance appeared first on Action Forex... 