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WTI oil futures in fierce battle with 50.0% Fibo
video WTI oil futures (April delivery) have been staging a comeback after finding their feet at the 68.00 region in December. However, the recovery seems to have been on hold for the past few sessions as the 50.0% Fibonacci retracement of the 64.20-95.02 upleg has been curbing the price’s upside. Given that both the RSI and MACD are tilted to the upside, the bulls might claim the 50.0% Fibo of 79.61, which has been holding its ground in the past few sessions. Further advances could then stall around the 38.2% Fibo of 83.25. Surpassing that zone, the price could ascend to face the 23.6% Fibo of 87.75. On the ... (full story)