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WTI is currently trading close to the key resistance level 58.60 (top of the previous wave 2, which stopped the price multiple times in November) –strengthened by the upper daily Bollinger Band. Given the strength of the aforementioned resistance level 58.60 – WTI is likely to remain under the bearish pressure today and to fall in the active impulse wave (i) toward the next support level 57.23 (former support from the end of November).
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