WTI Crude Oil Daily chart shows price action entrenched in triangular consolidation, holding between 43.20, consolidation low reinforced by daily 10/20SMA’s bull cross and the upside being capped by descending daily 55SMA, after rejected upside attempts left series of lower tops at 49.29; 48.84 and 48.40. Daily studies show mixed readings, as RSI and Momentum are in positive territory, while MACD remains below the centerline and slow Stochastic in descending mode, after reversing from oversold zone. On lower timeframes, hourly studies are weak, while 4-hour structure is still positively aligned. Bearish daily close last Friday, gives negative signal, however, long-legged weekly Doji, suggests indecision and break through either boundary
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