WTI Crude Oil hits an interesting resistance

WTI Crude Oil Futures have rebounded into an interesting resistance zone at 64.90-65.98, where chart levels, trend lines, declining 26- and 40-day moving averages, and 38.2% and 50% Fibonacci retracement levels of the late-July to mid-August decline converge. If this zone holds, WTI should turn lower, with initial support at the mid-August lows of 61.94–61.45.