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Wti oil is set for further weakness

WTI oil has fallen sharply on Thursday from 77$ to 74$ .. And it is currently trading shy of 75$ .

On RSI , the commodity is set for reversing now from current level at 74.90$ and probably targeting 73.20$

Also , WTI has fallen back into the rising channel and now testing the upper trend line of the channel. So your tp is at channel bottom while sl is on hourly close above the channel top.

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