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WTI continues to fall inside the short-term impulse wave (iii), which started earlier from the support area lying between the key support level 37.00 (low of the previous B-wave from September), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from May. Given the strength of the aforementioned support area, WTI is likely to rise further in the active impulse waves (iii) and C toward the next resistance level 43.70 (former monthly high from August).
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