WTI Price Analysis: Bears break key hourly structure, eye $75.00bbls

has indeed dropped towards the target areas as forecasted at the start of the week, pulling away from the trapped volume that had accumulated around $79.40/50. The following illustrates the price action and gives an update with prospects of a correction before the next move lower. 'a correction into resistance could entice trapped longs to get out of losing or breakeven positions and subsequently the shorts coming onto the market around 38.

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