Monday's trading session saw a consolidation trend continuing within the crude oil markets, with a slight negative inclination. West Texas Intermediate Crude Oil experienced a marginal decline as the week commenced, perpetuating the ongoing consolidation phase below the 50-Day Exponential Moving Average and maintaining its stance above the $82.50 mark, with a keen eye on the 200-Day EMA indicator. The market is undoubtedly enveloped in noise, significantly influenced by a myriad of external pressures.Concerns surrounding the war in the Middle East play a substantial role, as do apprehensions about supply chains, ... (full story)