FX & CFD trading involves significant risk
Daily studies show oil price is in overbought territory with initial support seen as the former resistance line from Aug 4 at $96.23 and the 38.2% Fibonacci of $83.85/103.41 at $95.93. The daily Bollinger band continues to widen, indicating further room for increased volatility. Initial res seen as the former 23.6% Fib of $83.85/103.41 at $98.79.
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