West Texas Intermediate (WTI) is on the verge of capturing the critical resistance of $75.00 in the Asian session. The black gold recovered dramatically after dropping to near $72.60 amid growing hopes of an economic recovery in China after dismantling the pandemic controls. The recovery move in the oil price was extremely firmer despite caution in the market mood. Meanwhile, the US Dollar Index (DXY) has corrected to near 103.17 after printing a fresh four-week high of 103.40. After a three-day strong winning spell, the USD Index is expected to display a sideways performance ahead of the speech from Federal Reserve ... (full story)