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WTI crude oil reversed down from the combined resistance area lying between the round resistance level 80.00, resistance trendline of the daily up channel from September and the upper daily Bollinger Bad. The downward reversal from this resistance area stopped the earlier impulse waves (iii) and (v). Given the strength of the aforementioned resistance area – WTI crude oil can be expected to fall further toward the next support level 76.00 (former resistance from the end of September).
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