WTI is trending lower, and RSI is also falling, suggesting the price bias is to the downside.
The pair has risen during yesterday trading reaching resistance level at 1.2987
We mentioned yesterday about targeting resistance level at 1.1140
Prices has fallen since the beginning of trading day and broke down a support level at 48.70$
Prices opened trading day lower as we expected, and we still expect further decline
Prices continued trading higher after breaking through resistance at 1236$
Prices has pulled back since the beginning of trading day breaking support level at 145.80
The pair has fallen back with the beginning of trading day for testing strong support at 124.50
The pair managed to exceed the descending channel and resistance level at 0.69
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