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WTI Oil – Close to Key Support (Daily chart)
After two weeks of bearish price action, WTI Oil is closing in on a key support level @ 43.00 with only a minor support (45.00) standing in the way.
It is IMO more likely we’ll witness some profit taking from the bears if this level is reached soon, so we’re expecting a decent reaction from here.
If the key support holds, the first point of attack will be 45.00 & 47.00. However, a failure of the level would open up for further technical selling towards 40.00.
EUR/GBP – At Major …... Keep reading