WTI Price Prediction: Slides Back Below Mid-$76.00s, Not Out Of The Woods Yet
August 16, 2024 at 07:10 AM EDT
WTI fails to build on the overnight recovery and meets with a fresh supply on Friday. Bearish traders need to wait for a break below the weekly low, around 75.70-$75.65. A sustained move and acceptance above 200-day SMA will negate the negative bias