WTI- Marabuzo to stall a correction higher

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Monthly: Trading within a corrective channel formation. Trend line resistance is located at 75.13. Trend line support at 53.62. Selling pressure from 72.88 has resulted in all the initial rally being overturned. The potential reversal is between the 50 and 61.8% pullback levels (of 67.06 and 769.70) Weekly:  Price action formed a bearish Outside week, often an indication that the bullish tr...

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