WTI Crude Oil - New Lower Low (LL2) !

With all the negative news floating around, the price action broke the final band of immediate support zone at $43.76 and the final Trend Tracker (weekly) at $44.81 and closed at $43.51 with relatively above average volume.

Daily chart.

Weekly chart.

With recent price action, it signals potential bearish trend for the mid-term period and new LL2 (Lower Low) in the making.

The next immediate support zone is between $42.20 and $43.20, as shown in the daily chart below.

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Source : 
1) Metastock