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Wti will stop bleeding today?

Wti crude oil has fallen as much as 53.59$ per barrel , thanks to saudia arabia.

Trump thanked saudia arabia yesterday on twitter for the cheap oil prices and asked for more declines.

However , i dont see any further decline coming anytime soon as long as we stat above 53.50$

Target should be around 56.80$ . your stop loss on hourly close below 53.50$ .

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