WTI technical analysis: next major target is located at 14th Jan 50.65

• Price broke through the  daily doji and extended its descent below the  200 W EMA.
• The weekly  stochastics remain bearish while  the reversal of the December commencing rising channel that ended on 22nd May ploughs on.  
• The next major target is located at 14th Jan 50.65  low ahead of the 26th November lows at 49.44.  
• Between these levels, we have the descending wedge patter’s support around 49.70/50.00.  
• On the flip side, a break of the 21-4HR EMA opens prospects for a run above channel resistance opening the 29th May lows at 56.91.  

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