WTI extends Thursday’s heavy rise towards challenging the September 18 top, currently around $41.70, during the initial Asian session on Friday. In doing so, the energy benchmark respects the upside break of 200-day SMA and a five-week-long descending resistance line, now support.
The upside momentum also gains support from an absence of overbought RSI conditions. That said, oil prices are currently targeting the $42.00 round-figure ahead of September 04 top of $42.07.


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