Fibs don't lie

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Analysts are saying the following about WTI crude MCL1! , "Additionally after the overnight sell-off and the Saudi news, there is likely to be some buying from traders covering shorts ahead of a strong band of support in the $70/68 region". Fib retracements seem to support this analysis.

https://www.tradingview.com/x/SzFL2J9g/

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