Le 10-DMA prods une montée en flèche du pétrole induite par la Chine autour de la moitié des 81.00 $
WTI crude oil prints three-day uptrend but lacks bullish bias of late. Clear upside break of short-term resistance line, firmer RSI (14) line allows Oil buyers to retake control. 10-DMA checks energy bulls amid bearish MACD signals and cautious mood ahead of Jackson Hole Symposium. PBoC announced rate cuts, China braces for more stimulus to defend economic recovery. WTI crude oil clings to mild gains around $81.15 during the three-day winning streak heading into Mondays European session. In doing so, the black gold jostles with the 10-DMA to extend the previous days upside break of a one-week-old descending resistance line, now immediate support around $79.90. Adding credence to the bullish bias is the firmer RSI (14) line, not overbought. It‘s worth noting that China took multiple steps, via the People’s Bank of China (PBoC) and fiscal measures, which in turn allowed the energy benchmark to remain firmer of late. However, the cautious mood ahead of this week‘s top-tier PMIs for August and the annual central bankers’ event at the Jackson Hole checks the WTI crude oil buyers. Also limiting the black golds immediate upside is the 10-DMA level of around $81.40 and the bearish MACD signals. Even so, the bearish signals from the MACD indicator appear losing the