Current trendQuotes of WTI Crude Oil have continued to decline since the end of last month and have now left the ascending channel, testing the 95.45 mark (Fibo retracement 50.0%). Consolidation of the price below it will allow the movement to continue up to 87.50 (Fibo retracement 61.8%, Murray [-2/8]). The key for the "bulls" is a strong resistance level of 102.50 (Fibo retracement 38.2%, the middle line of the Bollinger Bands), the breakout of which will act as catalysts for upward dynamics to the …
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