Western Texas Intermediate Crude Oil has struggled to close its 200- and 50-day averages, as the prolonged downturn in US supply slows down the rebound from the low level of the year. The Death Cross, a bear mark on the prices at which the former average passes through the latter, is an increasing opportunity that could boost volatility before OPEC meets in Vienna next week.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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