WTI Oil Futures Approach Crucial Territory; Bias Bullish:

WTI oil futures (July delivery) extended their series of higher highs up to $ 123.15 on Wednesday before easing a bit – the highest in three months – aiming to mark a fourth consecutive week of wins. The 78.6% Fibonacci retracement of the previous downleg is currently capping upside moves at $ 122.30, though a bigger challenge though

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