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WTI Oil H4 | Pullback support at 61.8% Fib R
WTI Crude Oil Cash
Long
WTI Oil H4 | Pullback support at 61.8% Fib R
By abouel
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Updated
May 16
4
May 7
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 77.450 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 75.600 which is a level that lies underneath a pullback support.
Take profit is at 79.900 which is an overlap resistance
May 16
Trade closed: target reached
Fibonacci
Support and Resistance
Trend Lines
abouel
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