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OIL Can Retrace To 44-45 Before Going Higher

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 30, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    No change for now on WTI; price is moving as expected, currently is headed lower within wave b) which represents only temporary corrective move. Usually wave b) will retrace back to the area of a former wave four, and also for 50-61.8% compared to wave a). In our case this zone of a support is at 44-45 which can be very interesting next week for a bounce. Crude OIL, 1H

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