WTI Oil Nears Resistance and Fibonacci Level, Signaling Potential Reversal
chart by ICM.com
Chartist Trader
6/21/20241 min read
As WTI Oil approaches another supply area, it may encounter the next resistance level, potentially driving the price down further. Simultaneously, the price is nearing the 61.8% Fibonacci Ratio on the daily timeframe, indicating another potential reversal.
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