WTI OIL is showing sign of
Symmetrical Triangle Pattern Formation where its near the lower support level
at point ‘e’ around the level of 92.55$ and once this support of 92.55$ - 92$
holds reversal is expected in WTI Oil where on higher side falling trend line
resistance is seen at 104$ where as crossover above the same will confirm the
breakout of the pattern. If we take breakout at 104$, Expected target as the
height of the triangle comes to 130$ on higher side. We expect small profit
booking on the way to test the target of 130$.
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