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WTI H&S / 6

WTI H&S / 6

Same general comments as yesterday. We can notice that the recent up-leg topped at the 50% Fib of the large move from 2016/04/05 to 2016/06/09.
20 DMA (blue line) role as a resistance confirmed.
Let's observe how this pullback unfolds, as long as it stays above the 200 DMA (orange line).