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EWcycles

Possibility of double top for Crude Oil

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
EWcycles Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Chart Patterns Wave Analysis Elliott Wave
5
0
chartpattern waveanalysis elliottwaves
The price broke the downward trendline and for now it looks like it´s staying above.
There could be a GOOD risk reward trade to take now.
The only thing that makes me beleive it could go down is that the USD looks to rise soon but maybe oil will have its chance before it does.

Around 63 is the first and most probable target :)
Comment:
1st target hit, now we could go sideways for some day before rise again
Comment:
Next top could be around 66.4
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