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WTI Crude oil fall may come to an end

oil has been falling knife for a month now. I have found that it is currently testing the 50% retracement level from previous 40s area to the 75s area.

So may be oil will find some breather here. be cautious , hop in with small volume. target should be 61.5$ from here , currently trading at 59.80$ area. Stop loss , will be on daily close below 59.30$

check the chart below and share your findings with me. Also remember to follow me on twitter for updates.


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