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WTI falls to $68

OIL
  • Oil extends losses, and WTI test and so far finds support at $68, a downside continuation post the US CPI beat, on growth and demand concerns.
  • Technically next downside target would be at $67.28, followed by $66.22 , $65 and this expiry low of $64.37.
  • WTI has now lost over $20 from the 10th October high and over $32.00 from the September high.

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