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WTI technical analysis: 53 handle and 23.6% Fibo in range

  • An competitive sell-off of over 6.five% all the way down to trendline strengthen happened in a single day.
  • At the turn aspect, the upside goal is the 78.6% Fibo and Sep highs within the 58.70s. 

Bears are again in keep watch over following that day-to-day doji revealed previous within the week.  An competitive sell-off of over 6.five% all the way down to trendline strengthen happened in a single day. 54.80 gave out and center of attention is now on a detailed under the 38.2% Fibonacci retracement strengthen of the July swing highs to Would possibly-July horizontal strengthen which guards 53 the determine and the 23.6% Fibo of the similar vary. The upside goal is the 78.6% Fibo and Sep highs within the 58.70s. 

WTI day-to-day chart

gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== - WTI technical analysis: 53 handle and 23.6% Fibo in range

 

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