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  • The price was climbing along a trend line support est.11th Feb. down in the 51 handle and again around 55.56 at the start of this month but it is taking it on in Tokyo with a drop to 56.01 so far.  
  • The daily Ichimoku Cloud is not bullish enough as the price moves into a phase of consolidation.
  • Key support is now located at 55.95.
  • Bears can aim for 38.2% Fibo and recent lows that are located around 55.60/10.
  • However, hourly Stochastics are overcooked to the downside.
  • Bulls have eyes on a target of the recent tops of 57.85/93 double-tops.

WTI hourly chart