WTI crude oil weakens mildly today on renewed concerns over global recovery, as India’s coronavirus crisis worsens. The rejection by 4 hour 55 EMA suggests that fall from 64.34 might be ready to resume. Overall, such decline is seen as the third leg of the corrective pattern from 67.83. Break of 57.31 would target 100% projection of 67.83 to 57.31 from 64.34 at 53.82.
