But there is good news for those of a bullish cast of mind; WTI has a pretty significant cluster of support not far under todays low, at roughly 91.00
Active Mo. Weekly
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The 50% retrace as shown above, and "c=.618 of a" come in there at 90.89 and 91.03 respectively.
Daily
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Note the positive RSI divergence.
So from a bullish perspective if you think this move down is merely corrective, this is a good buying opportunity.
On the downside penetrating the 91 area would represent another milestone in confirming the count, and bad news for the bulls.
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