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WTI recently reversed up with the daily reversal pattern Bullish Engulfing from the support zone lying between the support level 55.000, lower daily Bollinger Band and the 38.2.% Fibonacci correction of the previous upward impulse from October. WTI is likely to remain under the bullish pressure and to extend the gains toward the next resistance level 58.000 (which has been reeving the price from the start of November). Strong support remains at the support level 55.000.
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