WTI's American session rally stalls around $76.00 amid an upbeat market mood

Western Texas Intermediate advances dome 2.66% during the New York session, exacerbated by thin trading liquidity conditions.WTI Price Forecast: Tilted to the upside, though a break above the 50-DMA would open the path towards $79.00.benchmark, surged during the New York session, trading at $75.74 at the time of writing.

The WTI daily chart depicts the black-gold has an upward bias. Through the day, oil pierced the 100-day moving average , leaving exposed the 50-DMA at $76.69. Nevertheless, the upward move was capped around the $76.00 figure, retreating some $0.25 to the current price. On the other hand, the first support would be the $75.00 psychological level. A decisive break of that level would expose the 100-DMA at $74.18, followed by $74.00.

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