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WTI oil – Cypher indicates scope for fresh rally

CFDs em Petróleo Bruto (WTI) (FX:USOIL)  
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FX:USOIL   CFDs em Petróleo Bruto (WTI)
Oil Commodities trading energies
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oil commodities trading energies
  • The corrective rally in oil is underway, but a Cypher pattern plotted on weekly chart indicates the potential reversal zone of Leg D stands at $54.76 levels.
  • As long as the rising trend line on the daily chart is intact, there is every possibility of WTI oil rising to leg D of Cypher formation at $54.76 levels.

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