WTI Price Analysis: Bulls flip the script, run up to the 61.8% Fibonacci retracement

• WTI bulls move back in with vigor as bears throw in their towels.
• WTI rallies hard from the lows right up to a 61.8% Fibo. 

Crude oil, WTI, bulls have stampeded the bears back to a 61.8% Fibonacci retracement in what has been a highly volatile period over these past weeks. The price has dropped from the OPEC production cut highs of around $83.50bbls to a low of $63.61bbls. 

WTI H4 chart

In Asia today, we have seen a very strong comeback as follows: