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FX.co ★ Potential WTI Rally?

Potential WTI Rally?

Potential WTI Rally?

Price is testing a major support of 78.37 which is an overlap support and a Fibonacci retracement. We could see a bounce from here taking prices up to 79.87.

It's worth noting that price sees bullish momentum from our ascending trend line support and our bullish Ichimoku cloud.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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