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Is WTI ready to move lower? Directional Movement Crossover Bearish shows up after sinking 2.35%
WTI closed down 2.35% on Thursday, July 16th, with volume running 0.5× below average. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 3.27, 3.21 & 3.1, with resistance at 3.43, 3.54 & 3.6.
Current SwingTradeBot Technical Rating of WTI: C
Today’s move could mean more—check all the signals for WTI on SwingTradeBot.
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