West Texas Intermediate (WTI) Crude Oil is showing signs of a slight rebound on Monday after ending a three-day losing streak. This recovery comes as traders weigh the resurgent expectations of a Federal Reserve interest rate cut in December against the backdrop of ongoing peace talks between Russia and Ukraine. Currently, WTI prices remain under pressure, with the Relative Strength Index (RSI) staying below 50 and significant simple moving averages (SMAs) positioned overhead.
As the market responds to these developments, the implications for currency trading are notable. The anticipated shifts in U.S. monetary policy could influence the USD's exchange rate, potentially impacting currency pairs like EUR/USD. Traders remain cautious as they navigate the interplay between crude oil prices and broader economic indicators, highlighting the ongoing volatility in the energy market and its effects on global currencies.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-11-24 17:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.