WTI oil fundamental

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Oil prices fell at the end of last week due to the global economic slowdown
The last two consolidation phases resulted in further downturns
However, correction is also possible - at 50% retracement levels
The main support is shown by the 61.8% Fibo retracement last exchange rate drop

Traders are expecting an oil correction, but oil prices continue to fall due to the current market situation.

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