Japan Producer Price Index (MoM) came in at 0.1% below forecasts (0.2%) in December

Jan 16, 2020

WTI Price Analysis: On the back foot above multi-month-old support trendline, 200-day SMA

WTI trades near $58.10 during Thursday’s Asian session. The black gold recently took a U-turn from 200-day SMA and an ascending trend line since early October.

Japan Producer Price Index (MoM) came in at 0.1% below forecasts (0.2%) in December

WTI Price Analysis: On the back foot above multi-month-old support trendline, 200-day SMA

Japan Producer Price Index (YoY) meets expectations (0.9%) in December