WTI Crude Oil - nearest target for upward movement is 43.20
Rebound for WTI crude oil is in progress. After a new low on February 11 when price reached to 26.00, rebound occurred, and it lasts until today. In the chart we can indicate the uptrend channel in which price is moving. Currently upper limit of that channel is at 42.00, and there should occur some correction. However, bigger falls may start when price will test 43.20 area. If oil breaks below support at 38.00, it will be a signal that upward movement is finished.
Time-frame H4
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