WTI is trending lower, and RSI is also falling, suggesting the price bias is to the downside.
The pair has fallen back since the beginning of trading day breaking last bottom at 0.9858
Currently the pair has managed to form head & shoulders pattern after breaking through the neck line
Prices managed to break down the bottom border of symmetrical triangle, so it has fallen back sharply
Currently prices are moving inside ascending channel, current resistance will be at 1.2985
The pair failed to exceed resistance level at 1.1126 with the beginning of trading day
We mentioned yesterday about the importance of resistance level at 1.0935
The pair is moving in a sideways range between 1.2844 and 1.2987,
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