CRUDE OIL NEWS UPDATE ::
Based on the early trade on Tuesday, the direction of the September WTI crude oil futures market today is likely to be determined by trader reaction to the 50% level at $67.99. Aggressive counter-trend buyers may try to step in on this dip in an effort to form a secondary higher bottom. Their key target is $67.80. This 50% level falls inside the major retracement zone.
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