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WTI → Oil prices drop as the USD recovers, OPEC cuts

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WTI Light Crude Oil (BLACKBULL:WTI)  
tradingconmike  
BLACKBULL:WTI   WTI Light Crude Oil
Trend Analysis Chart Patterns WTI Oil opec wtishort wtianalysis wtisignal wtitrade Contains IO script
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trendanalysis chartpattern wti oil opec wtishort wtianalysis wtisignal wtitrade containsioscript
The outlook has turned bearish for the WTI. This is mainly because the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) reside deep in negative territory and as the price is seen below its 20,100 and 200-day Simple Moving Averages (SMA). This indicates that on the shorter and broader scales, the sellers are dominating.

Resistance Levels: $75.00, $76.15 (20-day SMA), $77.00

Support Levels: $72.80, $72.30, $71.00
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