Breach of important price line imminent by OIL WTI

OIL WTI is moving towards a line of 89.0300 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If OIL WTI continues in its current trajectory, we may see it move towards 89.0300 within the next 2 days.

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