WTI oil futures collapsed to a 15-month low of 65.68 on Wednesday after breaking the four-month-old range below the 72.65 floor. The price, however, managed to close around the 50% Fibonacci retracement of the 2020-2021 rally at 68.35, increasing the odds for an upside correction or some stabilization as the RSI and the Stochastic oscillator […]
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