WTI OIL Descending Triangle targeting its top.

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WTI Oil (USOIL) has been trading within a Descending Triangle and following yesterday's test of its Support Zone, it is rebounding.

This Bullish Leg has already touches the 4H MA50 (blue trend-line) and based on the previous one, it should extend to at least the 0.7 Fibonacci retracement level.

This gives us a 63.80 Target before the pattern's Lower Highs trend-line is tested.

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