Crude Oil

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Crude Oil breaks out support line of the uptrend channel. We touch support zone.
After oil drop price starts to recover.
I see 3 resistance level for oil.
1. 55.8$ — 38.2% level fibonacci
2. 59.94$ — 50% level fibonacci
3 64–61.8$ level fibonacci also resistance line

But global It looks like impulse-correction-impulse

Source: EXCAVO