OPEC proved it is not going to let oil prices plummet again, 618 retracement completed!

RSI together with MACD and Structure analysis suggests a similar technical story. Fibonacci levels and Previous Strucutre will not let OIL go below 46.

New highest for the year in December? Why not!?
commondityFibonaccilong-termOilopecstructureUSDWTICrude Oil WTIwticrude
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