WTI is trending lower, and RSI is also falling, suggesting the price bias is to the downside.
After breaking support level at 113.60 prices pulled back quickly
The pair managed to break the support level of sideways channel at 1.3650,
Currently the pair has managed to form head &shoulders pattern after breaking through the neck line
Currently the pair is moving into a descending channel, it is trading now near the bottom line
As we expected that prices would decline from levels of 50$ which is a resistance at the upper line of the descending channel, currently Us Oil is trading near to 48.50$ and we expect further decline targeting 45$ then 42$.
The pair has fallen with the beginning of trading day and managed to break down the bottom
The pair has fallen back breaking support at 1.2845, we expect further decline to next support at
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