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AhmedChil

WTI retracement to $48

Crude Oil Futures (Oct 2015) (NYMEX:CLV2015)  
AhmedChil  
NYMEX:CLV2015   Crude Oil Futures (Oct 2015)
Oil WTI oiltrading Fibonacci
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oil wti oiltrading fibonacci
Bullish pennant formation along with fibonacci retracement suggest bounce back to $48 with 38% chance all else the same. Odds on Fed rate hike this Thursday are relatively slim which shouldn't be too alarming for oil market.
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