WTI Oil H4 | Falling to pullback support

2月19日

WTI oil (USOUSD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.

Entry: 77.108
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level

Stop Loss: 75.528
Why we like it:
There is a pullback support that lies under the 38.2% Fibonacci retracement level

Take Profit: 78.757
Why we like it:
There is a pullback resistance level

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