#trading# The black gold reversed from the highest levels since mid-November on Friday while portraying the buyers’ exhaustion inside a monthly rising wedge bearish pattern. The commodity’s inability to cross the $80.00 threshold and downbeat MACD signals hint at the further downside of the quote. However, a clear break of $78.00 won’t be necessary for the WTI bears as the 50-SMA level surrounding $77.20 tests the sellers.
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