WTI Oil has broke the resistance from 58.7 and now has reached at $60 / barrel. We have an important Fibonacci level here (23.6% from Monthly chart), if the price will have enough power to jump and close above the 60 level then the upward movement will continue with first target at the median line (ML) or higher at 67 level. The price is trading between the median line (ml) and the lower median line (lml) of the ascending pitchfork. As long as the price is trading inside of the ascending pitchfok the OIL is bullish.


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