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Rawlings_NG

Massive Oil Retracement

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
Rawlings_NG Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Oil oiltrading Crude Oil
3
0
trendanalysis chartpattern indicator oil oiltrading crudeoil
Crude oil has had a massive positive rally following the Russia-Ukraine war.

This asset has been on a retracement and the FIB levels have been important levels. currently at FIB61.8. I see this asset falling to $100 per barrel.
Comment:
FIB 50 level is holding strong and acting as resistance zone.
Comment:
we achieved the $100 and even dropped further before it rallied again
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